History of XRP Price Glitches: From Alleged $34,603 Surge to $0.0001 Crash

XRP enthusiasts have reported numerous alleged glitches, from a recent disputed $1,919 surge to a momentary $5,791 on Binance, as well as a $0.0001 crash.

An XRP enthusiast, “JackTheRippler,” recently argued that a new price glitch occurred for XRP via the prominent market tracker ConMarketCap. According to a screenshot JackTheRippler shared, XRP reached $1,919 on ConMarketCap. 

However, the XRP Army has disputed this claim. JackTheRippler’s observation appears isolated as virtually no other community member spotted the XRP glitch he proclaimed on November 12.

Besides, some have shared a screenshot of the XRP market chart on ConMarketCap and noted the absence of any market candle indicating that XRP reached $1,919.

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Nonetheless, the price of XRP has been known to experience anomalies across various platforms. Amid the recently debated glitch claim, X user Will Fix compiled instances when XRP has witnessed anomalies this year.

Look at these #XRP price glitches.

Here is a list of the last 10 $XRP price glitches, in reverse chronological order, based on the most reliable sources:

| Date | Exchange | Price | Notes |
|—|—|—|—|
| November 12, 2023 | Binance | $5,805 | This glitch was discovered…

— Will Fix (@WillFix7) November 12, 2023

Confirmed XRP Price Anomalies This Year

On October 30, Edward Farina, who heads social adoption at XRPHealthcare, called attention to an unusual pricing for XRP on Binance. Farina recorded a brief video showcasing Binance’s official website, where XRP was listed at $5,791.

During the video, the price of XRP fluctuated, briefly retracing to $579 before returning to $5,791. Numerous XRP enthusiasts confirmed this occurrence, as The Crypto Basic reported.

In August, XRP experienced a momentary surge on the Gemini crypto exchange to $50. This event came after Gemini added XRP to its platform, marking the first time XRP was listed following the July 13 XRP ruling. The Gemini XRP glitch can be attributed to a limited market depth, as The Crypto Basic reported. 

On the other hand, in July, The Crypto Basic disclosed that XRP’s price crashed to zero on the Poloniex crypto exchange. While the circumstances leading to the odd occurrence were unclear, the value quickly recovered.

Similarly, on the Bitrue crypto exchange’s derivative market, the XRP price momentarily plunged to $0.0001 in April. Although there was a rapid recovery from this decline, most XRP long positions on Bitrue suffered liquidation.

Unfounded Cases

Meanwhile, four days before the October Binance XRP price glitch, XRP influencer Amelie highlighted a video where XRP supposedly hit $34,603 via CoinMarketCap. 

Amelie questioned the rationale behind the frequency of XRP price glitches, arguing that XRP’s value is being suppressed. However, there was a lack of concrete data to confirm the occurrence of the glitch depicted in the clip. 

An investigation by The Crypto Basic suggested potential graphical manipulation, as the shared clip showcased unconventional behavior.

Similarly, Will Fix mentioned other instances of XRP glitches, noting purported cases with crypto exchanges Bitstamp, Uphold, Kraken, and Coinbase. 

His words were mostly:

“This glitch was discovered by a number of users. The price quickly corrected itself, but not before some users were able to place trades at the inflated price.”

It is worth mentioning that a significant portion of these cases has proven to be unfounded, with the majority involving manipulated images and video clips.

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• Source: https://thecryptobasic.com/2023/11/13/history-of-xrp-price-glitches-from-alleged-34603-surge-to-0-0001-crash/?utm_source=rss&utm_medium=rss&utm_campaign=history-of-xrp-price-glitches-from-alleged-34603-surge-to-0-0001-crash