I feel a part of the current current boom is due to the upcoming snapshot on Dec 12. I understand the entire market is up and everything followed btc, but xrp has been topping the gains lately and I think this may be one of the reasons why. Folks that just made good gains in btc (or otherwise) may be putting funds in xrp temporarily to (a) ride the bull cycle upwards to the snapshot and current positive trend, and (b) sell off immediately after the snapshot to realize gains, expecting others may do the same, creating a sort of feedback loop when others see it dipping the loose hands will sell, etc.
Don't get me wrong, I believe in the longtime value in xrp and the upward trend/bull cycle may continue, I am just expecting a bit of a downward trend (if only temporarily) after the snapshot.
I know only a small portion of people have their wallets signed on the ledger for the Spark drop, but after the snapshot they still have 6 months to do this - so it may be an irrelevant indicator.
What are your thoughts?