The airdrop program originating from the Flare Network, which is of great importance for XRP investors, has arrived. So how exactly will this airdrop affect the XRP price? The XRP price has increased by approximately 100% in the last 1 month, from $ 0.30 to $ 0.77. Subsequently, XRP, which is affected by Bitcoin’s price movements, is being traded at $ 0.56 as of press time.
Quantum Economics analyst Jason Deane said in a statement on the subject that the XRP / USD trading pair could drop in the short term: “In our opinion, at least part of the recent rally in the XRP price was due to the airdrop program to be held on December 12th. It is certainly possible for some investors to sell their funds to make a profit after this date. If this happens, there may be a decrease in the dollar-based value of XRP, at least in the short term. “
Opinions in the community are caught between XRP’s price drop or rise, pointing to the fact that volatility can reach scary levels. Konstantin Anissimov, senior manager of the CEX.IO crypto exchange, is one proof of this dilemma. Unlike Deane, Anissimov stated that there might be an increase in the price of XRP.