Ripple has recently seen an astronomical rise in price as the cryptocurrency more than quadrupled in value in the past week, rising from a low of $0.05 to over $0.22 at the time of writing. This price hike may be attributed to rumors that are surrounding the upcoming Consensus event hosted by Coindesk. It is speculated that Ripple’s team will announce their lockup of millions worth of Ripple in an attempt to gain more trust from the community regarding the project.