XRP Price has experienced another price anomaly, with videos circulating in the crypto community suggesting surprising values ranging from $579 to $5,800.
This time, the XRP price glitch was observed with the leading crypto trading platform, Binance.
In multiple posts on the X platform, many crypto enthusiasts acknowledged the price for XRP display on the Binance exchange was at least a thousand times higher than usual.
$5,791 XRP Glitch on Binance
Edward Farina, the leader of social adoption for XRPHealthcare (XRPH), first discovered the strange XRP pricing on Binance. Farina made a short clip capturing Binance’s official website with XRP displayed at $5,791 alongside Bitcoin, Ethereum, and BNB, which all maintained their usual pricing.
Interestingly, while the video was on, XRP’s price changed to $579 and back to $5791.
BREAKING: ?$XRP 579$ ON BINANCE RIGHT NOW
This is NOT a simple “mistake”
Always $XRP is the only subject to these “anomalies.” pic.twitter.com/Dpso27TCSN
— EDO FARINA ? XRP (@edward_farina) October 30, 2023
Binance users across various locations worldwide shared screenshots attesting to Farina’s claim. Gee Viana, a Brazil-based software engineer, confirmed the XRP price glitch. His screenshot suggested XRP traded at $5,805.
Similarly, a crypto enthusiast using Binance from France posted a screengrab mirroring Viana’s observed price of above $5,800.
Likewise, Binance users from the Netherlands and the United States caught the price anomalies.
Clarifying the XRP Binance Glitch
Amid the frenzy that followed the anomaly, an XRP Army suggested it was “a data refresh/decimal error.”
That looks more like a data refresh/decimal error. The price was in the .579 range most of the day today. The number is not $579 either it says it $5,791.
— XRP Underdog (@XRP4U2) October 30, 2023
This view is accurate when considering that the price of XRP traded around $0.579 for most of the last 24 hours. At the time of reporting, XRP exchanges hands at $0.5726.
Besides, none of the persons who spotted the glitch acknowledged executing transactions or selling their XRP portfolio at the juicy prices observed on Binance. Moreover, XRP’s 24-hour growth percentage on Binance failed to reflect the “reality” of the $5,800 glitch. Specifically, it remained around 3% despite oscillating between $579 and $5,800.
Notably, this kind of glitch has been observed multiple times this year. Four days ago, The Crypto Basic disclosed a similar occurrence where XRP supposedly hit $34,603 on CoinMarketCap. Also, in August, XRP soared over 7,000% on the Gemini exchange following the listing on the platform.