How Nov. 8 Could Be the Most Important Day in Ripple’s History

Ripple experts and community members are speculating intensely. Let’s take a look at the most important predictions and speculations.

Possible Announcement of IPO and License During Ripple Swell Event

There have been constant rumors about Ripple possibly announcing an Initial Public Offering (IPO). Despite previous legal difficulties, the conference could be very interesting. The recent recruitment announcement for the position of senior shareholder communications manager reinforces this idea.

Euro CBDC on Its Way, Ripple IPO Rumor. Source: YouTube

Rumor also has it that Ripple’s application for a Virtual Asset Regulatory Authority (VARA) license in the United Arab Emirates could be on the cards. Given that Henson Orser, CEO of VARA, was present at the event and Ripple’s recent moves in Dubai, it is possible that an official announcement will happen.

An X (Twitter) user, WrathofKahneman, wrote:

This year’s SWELL may be very significant. Don’t know what might be announced, but there are possibilities:

IPO
VARA license
CBDC
Stablecoin/tokenization
New users(!) – after a year of silence, we may gain more detail if #Ripple still considers itself primarily a payment company.

CBDC and Settlement With SEC

Another prediction is a possible settlement between Ripple and the SEC. Perhaps we will also receive some important announcements regarding this matter.

READ

Can Dogecoin Rally 135%? Here's What Needs To Happen

Even though the Ripple Swell event was not particularly advertised, announcements during the event can have a significant impact on the price of XRP. As of writing, XRP is trading at $0.604355, down by 0.31% in the past 24 hours.

XRP price. Source: BeInCrypto

Do you have anything to say about the Ripple Swell event or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).