Cryptocurrency trader 'Galaxy' continues to push the narrative that the XRP price will explode ahead of Ripple's annual event, which is known as Swell.
The trade of the year is coming once again on $XRP.— Galaxy (@galaxyBTC) October 13, 2019
Long 2 weeks before Swell, and short when the event is over.
Price increase before event (USD)
Price decrease after event (USD)
Time to see what this year brings. pic.twitter.com/bW9qKUGv8Y
He forecasts that this is going to be "the trade of the year" for all XRP traders. Hence, he advises his followers to long the third biggest currency two weeks before the event that is expected to take place on Nov. 7-8.
Notably, the much-anticipated conference made the XRP price "swell" by nearly 220 percent in 2018.
As reported by U.Today, former US President Bill Clinton was a keynote speaker at last year's Swell event where he took a stand against overregulating the nascent industry.
XRP is currently trading at $0.277 after a 1.68 percent uptick over the last 24 hours, CoinStats data shows. Earlier, "Galaxy" predicted that XRP could experience exponential growth after printing a bullish MACD crossover on its weekly chart.