The day has come for XRP investors.
The expected day has come for Ripple (XRP) investors, and almost every XRP investor has the Flare Network in mind right now. Flare Networks, part of the Ripple ecosystem and supported by Ripple Labs, distributes its own cryptocurrency to XRP investors to respond.
Big Day for XRP
In fact, this development, known for almost months, created a positive move for XRP investors, and the price punctured up to $ 0.82. The Flare Network, which will create a function similar to the Ethereum network based on the XRP network, stated that it will distribute SPARK tokens free of charge to XRP investors and in fact sat on the agenda of the whole industry.
So what exactly should XRP investors do to get SPARK tokens? In fact, the first thing to do can be explained as sending XRP to cryptocurrency exchanges or other platforms that support airdrops.
What to Do for Spark Airdrop?
Following this, the points to be checked and the steps to be taken are listed as follows:
See if your exchange or platform where your XRP funds are available supports airdrops.
XRP investors should not be using their funds as of December 12 at 03:00 CET. In other words, no buy or sell order should be entered.
Leading exchanges such as Binance stressed that funds for which any orders are entered will not be included in the airdrop.
Many cryptocurrency exchanges today will close XRP transactions and take a screenshot of XRP funds.
In the continuation of this, the stock markets that support all transactions will take care of it.
XRP investors will partially benefit from the FLR token airdrop.
XRP Price May Crash
The XRP / USD trading pair is trading at $ 0.55 as of the time of this writing. It can be said that the XRP price is currently experiencing sharp drops entirely due to Bitcoin. However, the approach of the airdrop date and the fading excitement are definitely causing alarm bells to ring for XRP investors.
If the XRP price starts to fall sharply after the airdrop, individual investors may start to sell their funds with panic. As expected, this sale has the potential to pull the XRP price up to its pre-rally position, that is, $ 0.30 below. However, if the whales do not sell, it may be enough to keep the XRP price alive and create FOMO.
Which direction the XRP price will choose will be determined after 24 hours.
