If you are still blindly buying into pre-merger run-ups, stop now.
Chasing euphoria right before the ink dries is how most traders end up holding heavy bags. The fear of missing the next leg up often clouds the reality of post-deal dilution.
$XRPN touching its all-time high of $26.79 in after-hours trading on October 1st was impressive. Some argue the momentum behind the Evernorth SPAC merger closing on October 8th will drive prices even higher, especially with fresh capital rotating from $XRP and broader large-cap assets.
On the other hand, the classic sell-the-news event is looming large. Historically, once SPAC mergers finalize, early unlock dynamics and profit-taking tend to crush overextended valuations before any real price discovery begins. Locking in gains or at least de-risking makes far more sense than gambling on day-one retail frenzy.
Where do you think the share price heads once the merger officially closes?
#CryptoTrading #SPAC #XRP
Chasing euphoria right before the ink dries is how most traders end up holding heavy bags. The fear of missing the next leg up often clouds the reality of post-deal dilution.
$XRPN touching its all-time high of $26.79 in after-hours trading on October 1st was impressive. Some argue the momentum behind the Evernorth SPAC merger closing on October 8th will drive prices even higher, especially with fresh capital rotating from $XRP and broader large-cap assets.
On the other hand, the classic sell-the-news event is looming large. Historically, once SPAC mergers finalize, early unlock dynamics and profit-taking tend to crush overextended valuations before any real price discovery begins. Locking in gains or at least de-risking makes far more sense than gambling on day-one retail frenzy.
Where do you think the share price heads once the merger officially closes?
#CryptoTrading #SPAC #XRP