XRP Community Power and Price Outlook Revealed at Ripple Swell 2024

- Emphasis on the Role of the XRP Community at Ripple Swell 2024 Event - XRP Surges Over 30% Following Partial Victory in Ripple vs. SEC Lawsuit [Unblock Media] Various significant aspects were discussed at Ripple Labs' annual event, Ripple Swell. Among them, the role of the XRP community and their impact on financial innovation were highlighted. Launched in 2012, XRP is currently the seventh-largest cryptocurrency by market capitalization. Over the past few years, the XRP community has greatly expanded through diverse online activities and content creation. Notably, since 2021, the legal dispute with the U.S. Securities and Exchange Commission (SEC) has been a major factor spurring community activity. News of Ripple's partial victory in the lawsuit against the SEC further energized the XRP community. According to LunarCrush data, media mentions of XRP have been steadily increasing, ranging from 8,000 to 20,000 mentions per day. It's also noted that the number of daily mentions more than doubles whenever there is legal news about Ripple. Ripple aims to innovate the global financial system based on XRP. Recently, Ripple announced a list of cryptocurrency exchanges and trading platforms supporting RLUSD, a stablecoin pegged to the U.S. dollar. RLUSD is currently in beta testing and is planned to be available on the XRP Ledger and Ethereum mainnet. This is expected to be a key component of Ripple's next-generation global payment system. RLUSD offers technical advantages such as fast transaction speeds and low fees, enhancing reliability within the global financial system through high security and transparency. The Ripple Swell event in Miami saw attendance from numerous customers and business partners, emphasizing business networking and technological innovation. The differing perspectives on industry development from the XRP community were impressive. CEO Brad Garlinghouse characterized these various layers of community, illustrating the broad diversity within the cryptocurrency and blockchain space. The ongoing dispute between Ripple and the SEC was also a significant topic. This dispute has heavily influenced the entire industry and directly impacted XRP's price; XRP surged over 30% following a legal victory. As a result, Ripple's business strategy has shifted to more aggressively expand its global financial network. The company has formed various partnerships and collaborated with major financial institutions in the U.S. and Europe to enhance international payment systems. Active in the Asian market through partnerships with Japan's SBI Holdings, these strategic alliances are significantly contributing to Ripple's business expansion and technological innovation. Additionally, using LinkedIn instead of Telegram at the Ripple Swell event was noteworthy. LinkedIn was employed mainly to effectively push forward the integration with the traditional financial sector. While Telegram is commonly used as an unofficial communication channel in the cryptocurrency community, LinkedIn allowed for more credible and business-focused communications. This facilitated connections with CEOs of global financial institutions, fostering actual collaborative opportunities and active discussions on projects. Business events and seminars through LinkedIn also played a crucial role in sharing Ripple's technological innovations and strategic visions. The Ripple Swell event showcased that the cryptocurrency industry is maturing and signals positive possibilities for integration with traditional finance. The future path of Ripple and XRP looks promising. Especially, if the RLUSD stablecoin receives regulatory approval, it is expected to play a significant role in international transactions alongside XRP.