/biz/ - Business & Finance

>>23471080
Now the XRP price numbers get much higher than this if you take a look for yourself, but it makes sense to use these orders to push up the price in a dramatic fashion so as to provide a stable pool of XRP liquidity to service further Institutions and FX transfer. The Exchange at this point can then create large Buy/Sell walls at either side (in the magnitude of 10’s of Millions of XRP) from their very own supply to ensure price stability. By performing this simple manoeuvre, the exchange can not be accused of XRP price manipulation as the Retail orders where filled first and then the exchange stepped in to service the rest of the transactions.

I mention the phrase ‘at this point’ due to the fact that no Retail Investor knows when xRapid is going to go live, so this can in fact happen at any time, and Ripple needs it to remain this way. By ensuring this they can guarantee a ‘one time’ rapid price increase that professional investors will also be glad of. They will want to ensure, in fact ‘guarantee’, that Market Makers are then priced out of the market and those who are intelligent enough to have already purchased will be flocking to sell their XRP in an instant. They will need to sell at a lower rate to ensure the sell of their coins as placing them in a pool of 10’s of millions of XRP will not fill their order immediately. 3/3