Well, after hitting more than 0.0029btcs XRB went all way down to 0.0017 in a few minutes.
What is most interesting is that charts on both exchanges do not tell the truth about what is going on. Bitgrail chart keeps showing green sticks even when the price has fallen considerably. At least on Mercatox you can update the chart manually, but you have to keep doing it frequently to keep update. You better follow XRB charts on Blockfolio, they are much more precise and update than at these exchanges pages but when things heat up Blockfolio also becomes very strange. I guess they rely on information sent by the exchanges.
Time table is no where shown or adjusted to your local time and text prices at Grailbit also does not refresh continuously, after a few minutes you have to reload the page to get the latest prices, specially if price is down.
And on top of all that, stop loss orders are non existent at Grailbit or disabled at Mercatox. Very, very suspicious to say the least.
Not to mention frequent desperate people at the chatroom because they have been waiting more that a week for withdraws balance to show up at the destination account outside these exchanges without success or any response from support.
I heard XRB is one of the most fairly distributed coins in the market but that doesnīt seems true either as these whales attacks on small weak heart newbee buyers that get their investments trapped in the web of these dodgy exchanges seem pretty well organised and planed.
Whoever they are, they are doing a massacre and the exchanges problems seems very convenient for that.
If XRB is not a scam itself, it urgently needs a transparent exchange.
I never worried about regulations as I donīt like them but unfortunately all this is a perfect example why they will be needed!
Everything points to an amazing price manipulation going on with XRB to trap funds in these exchanges.
What could be next?
You guess...
But I definitively hope to be proved wrong!