Ripple (XRPUSD)

[europa7]

Price Pumping...cryptos...
https://medium.com/formosa-financial/2-simple-ways-crypto-whales-manipulate-the-market-35ba10bc07f7

interesting...if this is so...how long will this massive pump last before the 'whale' dumping (aka profit taking) begins...anyone? will true investors hold the line...? go xrp!

"...If the whales want to artificially inflate the price of a cryptocurrency all they need to do is the opposite of a sell wall.

They put huge buy orders on the market at higher prices than what is on the market. This buy order then forces bidders to raise the price of their bids so the sell orders fill their buy orders.

If executed correctly this can cause FOMO for smaller investors and drive up the price significantly. This pump tactic requires significant amounts of capital that aren’t required to pull off a sell wall successfully. So a group of whales need to do this together in order to execute this tactic successfully.

Conclusion

If you can learn to successfully whale watch, you will be able to trade the way they do and make higher returns. It’s also essential to “hodl” strong if they are trying to make the price drop. Otherwise, you will feed the whales your position at a discount and give them even more leverage in the future to manipulate the market further.

It is important to note that these tactics are illegal in the regulated stock market exchanges. As the cryptocurrency world faces more regulations as time goes on, it is safe to say that the whales will eventually lose their power to manipulate the market so readily and easily..."

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Number Of XRP Whales Are Soaring – Putting The Big Breakout Moment Within Reach
https://zycrypto.com/number-of-xrp-whales-are-soaring-putting-the-big-breakout-moment-within-reach/