{"id":564932,"date":"2020-12-10T17:48:20","date_gmt":"2020-12-10T14:48:20","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=564932"},"modified":"2020-12-10T18:26:31","modified_gmt":"2020-12-10T15:26:31","slug":"426m-additional-xrp-was-accumulated-for-the-flare-networks-snapshot","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/426m-additional-xrp-was-accumulated-for-the-flare-networks-snapshot\/","title":{"rendered":"426M additional XRP was Accumulated for the Flare Networks Snapshot"},"content":{"rendered":"<p><strong>Quick take:<\/strong><\/p>\n<ul>\n<li><strong>Approximately 426.65 Million XRP was accumulated in preparation for the Flare Networks snapshot<\/strong><\/li>\n<li><strong>43,146 new XRP accounts were also created in preparation for the Flare Networks snapshot<\/strong><\/li>\n<li><strong>A total of 94,048 XRP accounts are reportedly ready to claim Spark Tokens<\/strong><\/li>\n<li><strong>XRP&#8217;s bullish momentum is being pulled down by a correcting Bitcoin<\/strong><\/li>\n<li><strong>If Bitcoin maintains $18k as support, XRP could retest $0.62, $0.65 or $0.68<\/strong><\/li>\n<\/ul>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/how-to-prep-your-xrp-for-the-flare-networks-spark-token-flr-airdrop\/\" target=\"_blank\" rel=\"noopener\">The Flare Networks snapshot<\/a> is less than 48 hours away. The event will occur on the 12th of December at 00:00 UTC and will provide <a href=\"https:\/\/en.ethereumworldnews.com\/xrp-addresses-holding-10-to-1m-coins-hits-new-all-time-high\/\" target=\"_blank\" rel=\"noopener\">XRP investors<\/a> with the opportunity to claim Spark Tokens (FLR) next year between March and May.<\/p>\n<h2>XRP Holdings Increased by 426 Million Due to the Flare Networks Snapshot<\/h2>\n<p>According to data from XRP community member @ronaldonline777, a total of 426.65 Million XRP coins have been accumulated by investors in preparation for the Flare Networks snapshot. Additionally, 43,146 <a href=\"https:\/\/en.ethereumworldnews.com\/xrp-ledger-daily-new-account-activations-drop-by-83-5-in-2-weeks\/\" target=\"_blank\" rel=\"noopener\">new XRP accounts<\/a> have been created with a total of 94,048 <a href=\"https:\/\/en.ethereumworldnews.com\/xrp-ledger-new-account-activations-hit-1-year-highs-of-4224-per-day\/\" target=\"_blank\" rel=\"noopener\">XRP accounts<\/a> ready to participate in the Flare Networks snapshot.<\/p>\n<p>The information was shared via the following tweet that also has an infographic highlighting the crypto exchanges participating in the Flare Networks snapshot.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\u26a1\ufe0f<a href=\"https:\/\/twitter.com\/hashtag\/SPARK?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#SPARK<\/a>\u26a1\ufe0f<\/p>\n<p>\ud83d\udd1c[2 DAYS <a href=\"https:\/\/twitter.com\/hashtag\/SPARK?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#SPARK<\/a> SNAPSHOT]<\/p>\n<p>\ud83e\udde8UPDATE\ud83e\udde8<\/p>\n<p>~ 94.048 accounts set up the claim for the <a href=\"https:\/\/twitter.com\/hashtag\/SPARK?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#SPARK<\/a> token<br \/>~ 21 Billion <a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#XRP<\/a> balance \ud83d\udc4f\ud83d\udc4f<\/p>\n<p>426 Million <a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#XRP<\/a> holdings increased and 43.146 new <a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#XRP<\/a>  accounts have been created. <a href=\"https:\/\/twitter.com\/hashtag\/XRPCommunity?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#XRPCommunity<\/a> <a href=\"https:\/\/twitter.com\/FlareNetworks?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@FlareNetworks<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/UnlockingValue?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#UnlockingValue<\/a> <a href=\"https:\/\/t.co\/QQP7KiodH0\" rel=\"nofollow\">pic.twitter.com\/QQP7KiodH0<\/a><\/p>\n<p>&mdash; Ronald (@ronaldonline777) <a href=\"https:\/\/twitter.com\/ronaldonline777\/status\/1336749215112957957?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">December 9, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>XRP&#8217;s Bullish Momentum is Being Brought Down By a Correcting Bitcoin<\/h2>\n<p>As with most airdrops in the crypto-verse, XRP investors and traders had expected the price of the remittance coin to experience a bullish wave ahead of the event. This is usually the norm as investors and traders accumulate the concerned digital asset in a bid to claim &#8216;free&#8217; tokens in the form of an airdrop;<\/p>\n<p>However, XRP has been oscillating between $0.50 and $0.60 after Bitcoin experienced a massive correction from $19,300 to $17,600. At the time of writing, XRP is trading around the $0.57 price area in what looks like consolidation for either a spike up or a correction below the $0.50 support zone.<\/p>\n<p>Chances are that XRP might experience a significant bounce if Bitcoin can provide the ideal market environment. The King of Crypto looks set to reclaim the current $18k price level as support and begin <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoin-might-reclaim-19k-despite-btc-miners-selling-their-bags\/\" target=\"_blank\" rel=\"noopener\">its journey back to $19<\/a>k.<\/p>\n<p>If Bitcoin&#8217;s price action plays out according to the latter scenario, XRP could have a chance at retesting resistance levels at $0.62, $0.65 and $0.68. A move <a href=\"https:\/\/en.ethereumworldnews.com\/xrps-symmetrical-triangle-hints-of-a-breakout-past-0-80\/\" target=\"_blank\" rel=\"noopener\">back to $0.80<\/a> seems highly unlikely at this point, at least in the short term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick take: Approximately 426.65 Million XRP was accumulated in preparation for the Flare Networks snapshot 43,146 new XRP accounts were also created in preparation for the Flare Networks snapshot A total of 94,048 XRP accounts are reportedly ready to claim Spark Tokens XRP&#8217;s bullish momentum is being pulled down by a correcting Bitcoin If Bitcoin maintains $18k as support, XRP could retest $0.62, $0.65 or $0.68 The Flare Networks snapshot is less than 48 hours away. The event will occur [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":561328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4656],"tags":[108195,108202,84,108203,6957],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/564932"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=564932"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/564932\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/561328"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=564932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=564932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=564932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}