Gemini Teases XRP-Coded Week Ahead of Ripple’s Swell
US exchange Gemini has unveiled an ‘XRP-coded’ week ahead of Ripple’s Swell conference in New York on November 4–5. The two-day event will focus on stablecoins, real-world asset tokenization and institutional adoption of digital assets, featuring speakers such as Nasdaq CEO Adena Friedman, BlackRock’s Maxwell Stein and US digital assets official Patrick Witt. The announcement follows Gemini’s relisting of XRP in August 2023 after Ripple’s legal win against the SEC, which drove a 25% rise in XRP transaction volumes and led to the launch of an XRP debit card. Ripple’s On-Demand Liquidity has processed over $30 billion in cross-border payments annually, underscoring XRP’s use case. While past Swell events generated buzz, they failed to trigger significant rallies, suggesting traders should watch for potential XRP volume spikes but prepare for muted price action in the short term. Longer-term, the emphasis on institutional adoption and asset tokenization at Swell could support XRP’s ecosystem growth.
Neutral
While Gemini’s ‘XRP-coded’ week and Ripple’s Swell conference highlight renewed institutional interest, historical Swell events have failed to spark major price rallies. The relisting of XRP and launch of a debit card drove trading volumes up 25%, indicating demand, but regulatory clarity and actual partnership announcements will be needed to translate volume into sustained price gains. Traders may see short-term volume spikes around the conference, yet limited catalysts suggest subdued price action in the near term. Over the longer horizon, the focus on stablecoins, real-world asset tokenization, and institutional adoption could bolster XRP’s fundamentals and ecosystem growth, providing a bullish tailwind for the token beyond the event week.