Ripple (XRP) is the big mover today, as the general crypto market remains steady in a holding pattern.
Only ripple is standing out amongst the top crypto’s.
From a trading perspective, it looks like it could break out of a month long-price range.
This chart shows the price of ripple against bitcoin (BTC).
As far as I can tell, there’s nothing of note to explain the ripple price movement. Though this month, ripple is to host ‘Swell’ — an event aimed at bringing the world’s financial leaders together to network and discuss trends and strategies.
Swell will go head-to-head with ‘Sibos’, Swift’s annual banking and financial conference scheduled for October 16–19 in Toronto, Canada.
This is probably very intentional, as ripple is trying to replace the Swift system of international money transfer.
Latest cryptocurrency prices
Here’s a snapshot of the leading crypto’s (priced in AUD) as at 1pm AEST.
Bitcoin Price: $5,428, -1.512%
Ripple Price: $0.2875, +10.43%
Ethereum Price: $375, +0.19%
Zcash Price: $301, -5.04%
MaidSafeCoin Price: $0.57, -4.93%
Dash Price: $385.82, +0.75%
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Editor, Money Morning