Ripple update: Manipulation Questions …
There have been talks about manipulation with cryptos for awhile now on just about any crypto sub. I’m a firm believer that the market is being manipulated down so that more of the strong players can buy in at lower levels. I don’t believe that over the last 6 -8 months that it has been a bunch of average holders who are just carelessly selling at a loss as the market continues downward- it’s big money.
So- my question is: How much money/coin has to be sold for something like ETH or BTC to drop 10% or more. Recently I noticed that the buy/sell walls in XRP were around 20,000.00 XRP in either direction as resistance.
Question 2: What percentage of holders actually have enough coins to drive the price in either direction?
I’m just attempting to wrap my head around the bigger picture. Obviously, not every coin will survive but the technology is not going anywhere and is only continuing to be adopted. I can’t imagine that the money leaving the market is that of the average bag holder, it has to be big money who doesn’t care about the loss/gain/ taxes right now…
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
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