Latest status in xrp price after spark airdrop snapshoti
Today at 03: 00 the XRP with the enthusiasm that followed the realization of expected purchases snapshot XRP was faced with a sudden and sales fell to 0.5100 dollars. With the decline experienced yesterday evening, XRP increased its loss in the last 24 hours to 5.05%. XRP is trading at $ 0.5262 as of the time of publication.
XRP has seen some sharp price movements over the past few weeks, showing a parabolic uptrend, with the coin rising above the trading range of $ 0.21 to $ 0.30 where it stayed there for many years, causing it to rise to $ 0.90 on some exchanges like Coinbase.
However, XRP lost this upward momentum and anchored around 0.50, erasing some of its significant gains. Where the trends are in the near term will undoubtedly depend on whether the bulls can continue to defend this price level.
When Airdrop Is Completed, There Can Be A Hard Drop
One of the main events supporting this uptrend was the Spark Airdrop, which XRP holders, widely seen as a catalyst for this rally, could benefit. The data shows that there is a sharp rise in the number of wallets due to the Spark Airdrop and an accumulation phase is taking place as XRP has not seen a huge drop yet. This may cause a sharp drop when the airdrop is complete.
XRP Bulls Prevent Intense Selling
XRP is indicating a 5% loss with its price of $ 0.52 right now. This is pretty close to the price it has traded for the past few days.
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