Today I want to talk to you about the ongoing price manipulations in our cryptosphere, which are executed by so called whales.
This picture is taken from the kraken.com Orderbook from today 12:30:
As you can see someone placed two orders with 400,000 Tokens each to set a sell and buy wall.
It would take 400,000 * $0.16282600 = $65,310.40 worth of buying power to get through this.
Viceversa someone would need to sell 40,000 * $0.16000099 = $64,000.00 worth of XRP to push the price lower.
This sets a band for trading as long as the orders are up and there are now major positive or negative news for Ripple or XRP.
What do you think about those type of manipulations?