Spark distribution for XRP holders = dump

Today will be snapshot for XRP holders for distribution of Spark tokens. We may expect price to rise before it and dump straight after it. At least this is the most obvious price action that often follows such events. Sure a lot will depend on BTC price as well, but still shorting XRP near 0 UTC seems to be the best option.

We may expect XRP price to bounce back to 0.57-0.58$ resistance. That will be a good place for short with stop loss above 0.59$. Another short can be placed on break down of 0.5412 (or to be on a safer side below 0.5383) with stop above breakdown candle.

Nearest target 0.527. Next 0.51 / 0.48 / 0.46. Long term target 0.3$.