XRP/Spark Airdrop Shakeout?
Obviously, a large breakout was expected prior to the Airdrop today, that didn’t happen (unless you count the November rally as the pre-airdrop breakout:)
Now we are in a scary time, a lot of people are planning to hold XRP right until the snapshot, then sell immediately in order to double dip with free Spark token.
Big, smart money might be looking at it this way:
Let the people gain the spark token and sell XRP.
We’ll buy the XRP when it closes the gap from the November rally (~0.47)
Then we’ll buy their Spark tokens after they depreciate as well.
Get the best of both worlds.
Of course, its a scary time because what if XRP just continues to rise and a lot of people sold at the 60-70’s in anticipation of a fall back to the 40’s.
Check back with me in a month and I’ll let you know how it played out.
As for now I’m honestly just staying put and waiting for the $2 level that will probably arrive sooner than we all think.
Now we are in a scary time, a lot of people are planning to hold XRP right until the snapshot, then sell immediately in order to double dip with free Spark token.
Big, smart money might be looking at it this way:
Let the people gain the spark token and sell XRP.
We’ll buy the XRP when it closes the gap from the November rally (~0.47)
Then we’ll buy their Spark tokens after they depreciate as well.
Get the best of both worlds.
Of course, its a scary time because what if XRP just continues to rise and a lot of people sold at the 60-70’s in anticipation of a fall back to the 40’s.
Check back with me in a month and I’ll let you know how it played out.
As for now I’m honestly just staying put and waiting for the $2 level that will probably arrive sooner than we all think.
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