4.73 hundred million XRP is set to list on Nasdaq. The shareholders of Armada Acquisition Corp. II have already approved the merger, and starting October 8, this cash-holding company will trade under the ticker symbol XRPN.
A classic pump-and-dump style event. Before the news even lands, money gets positioned; on the day of listing, it often turns into a chance to cash out. XRP is currently trading at 1.54, up 4.1% over the past 24 hours. At this price, 473 million XRP is roughly US$730 million worth of capital locked into the listed company's assets and liabilities. Expectations that the float will tighten will run ahead of schedule. The buy-the-dip zone is 1.45–1.50. Then sell in batches as it pushes toward 1.65, and reassess for any possible re-entry once the listing-day sentiment has fully played out.
#XRP
A classic pump-and-dump style event. Before the news even lands, money gets positioned; on the day of listing, it often turns into a chance to cash out. XRP is currently trading at 1.54, up 4.1% over the past 24 hours. At this price, 473 million XRP is roughly US$730 million worth of capital locked into the listed company's assets and liabilities. Expectations that the float will tighten will run ahead of schedule. The buy-the-dip zone is 1.45–1.50. Then sell in batches as it pushes toward 1.65, and reassess for any possible re-entry once the listing-day sentiment has fully played out.
#XRP