This is my first post since joining Binance to invest in crypto in April of this year.

$XRP MARKET MANIPULATION and LIQUIDATION

I read numerous comments calling out "market manipulation" and wanted to give my thoughts on this matter. Whales will try to move the market in their favour to gain the best advantage for their position, for example... buying a large amount, moving the price higher and then selling an even larger amount because the intention is really to sell, not to buy. This is not manipulation, if the whale thinks he's strong enough to move the market, he will try.

At the start of this weekend we heard information of a whale moving a large amount of $XRP from a wallet to Binance and usefully telling us to be aware of a large liquidation of that coin.

We have seen xrp plummet from above 1.60 to below 1.30 and right now it still looks on shaky ground. Is this a reversal of the xrp rally?

If you are a whale wanting to liquidate your large xrp position do you do this at the weekend? You would not want to move the market too much in order to get the best price for your coins. You would want to trade this at a time when liquidity is at it's highest, typically a weekday, Europe mid-afternoon/NY morning when the market is at it's most liquid and when a large order can go through at a stable price.

My conclusion is that this weekend trade is a strategy to readjust that whale's position to a lower price by selling during the weekend and re-buying at the beginning of the week at a much lowe rate.

I think the xrp rally is intact. Small fish, hide under a rock and let the big fish get his meal somewhere else. He is not a manipulator, he's just hungry.