XRP Holders Prepare for the 295 Million Spark Airdrop But The token Falls Below $0.2700

XRP Token Continues to Drop as it Falls Below the $0.2700 Support. At the time of writing, the price of XRP was $0.268508.

This means that is down by 1.45%against the USD and down by 2.11% against Bitcoin BTC. The trading volume over a 24 hour period was $1,600,786,088 and the market capitalization was $12,081,467,965. The token has suffered a lot in the last few days and falling below the $0.2700 level has only made things worst. The token now risks falling below the $0.2500 level if the bulls don’t come back to the market.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

Non-custodial XRP Wallet Holders Can Register to Claim Spark Tokens

According to Ripple, 5,400 accounts with more than 295 million XRP tokens have registered for the airdrop. CNF reported that XRP holders have started claiming their rights to the Spark airdrop from the Flare Networks. The Flare Networks has been working on developing a bridge between Ethereum and Ripple and making the XRP Ledger smart contract compatible. They will host the airdrop in the next few days. Wietse Wind has introduced a product for the tool for the XRPToolkit and XUMM.

The release of this product led to a lot of buzz about the product. Spark announced;

“We’ve been amazed at the amount of interest in Flare over the past few days! Since announcing the process for preparing your XRPL account to receive Spark on Friday, there have been over 295 million XRP contained in XRPL accounts that have set their accounts to receive the Spark token.”

Ripple Labs, on the other hand, had this to say about the airdrop.

  • Spark Airdrop is Less Than One Week Away and XRP Holders Prepare to Receive
  • XRP Token Continues to Drop as it Falls Below the $0.2700 Support
  • A Quick Recovery is Necessary to Prevent More Loses Near-term 

In our Ripple News yesterday, we noted that the Spark token airdrop is coming soon and XRP holders are eligible to participate in the airdrop. More details of the airdrop have been revealed by the parties involved to give everyone a chance to decide if they want to participate or not.

In less than one week, the airdrop will start, and spark tokens will be given an XRP ratio that hasn’t been determined yet. The community beloved that it would be a 1:1 ratio but there is a possibility that it will be more than this.

XRP Price Prediction 2020

“The right to claim the 45 Billion Spark tokens will then be apportioned to each remaining address according to their proportional XRP balance in the snapshot. This may result in valid claimants receiving more than 1 Spark token for each XRP token that they hold.

This is due to non-participating exchanges being excluded from the distribution but being counted in the 45 Billion tokens that are distributed today.”

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