The XRP community calls attention to a historical XRP price glitch on TradingView, where the platform erroneously presented XRP at a massive $9,864.
XRP has been a subject of multiple discussions over the years, including commentaries on price suppression and projected global adoption in the foreseeable future. However, industry leaders often dismiss these claims as conspiracy theories, suggesting they serve as a coping mechanism for investors.
One such discussion surrounds XRP’s history of experiencing multiple price glitches. Most of these glitches have skyrocketed the price of the token to unimaginable levels. These anomalous prices often do not reflect prevailing market conditions. However, they have captured the attention of community members due to the frequency.
XRP Spikes to $9,864
A recorded occurrence came up on price analysis resource TradingView. XRP community figure Jack The Rippler spotlighted this anomaly, which pushed XRP’s price from $0.22 to $9,864 within seconds. Interestingly, this price surge represented a 4,483,536% increase in less than a minute.
🚨 Legendary glitch over $9,000 per #XRP.
The real price of XRP behind the scenes! pic.twitter.com/ETYIu5Mq9A
— JackTheRippler ©️ (@RippleXrpie) June 23, 2024
Jack The Rippler noted that this event was one of the most notable XRP price anomalies. The media personality further touted the $9,864 price as XRP’s real value behind the scenes. Notably, there is a section of the XRP community that holds this sentiment concerning the glitches despite dismissals.
A proponent emphasized that these anomalous are merely just glitches and do not necessarily represent any secret price for XRP. In response, a pseudonymous Air Force Veteran and XRP community member clarified that investors don’t actually view these as secretive values for XRP, suggesting such discussions are primarily for entertainment purposes.
Cases of XRP Price Glitch
However, it is important to note that the XRP price glitch highlighted by Jack occurred several years ago. A swift investigation by The Crypto Basic confirms the glitch occurred on May 7, 2020. On that day, XRP traded between $0.20 and $0.22, reaching an intraday high of $0.2211.
Since this event, XRP has witnessed several instances of anomalous price behavior over the years. In March, the crypto community observed an XRP price surge to $70 on the Atlantis Exchange platform. However, this was later confirmed to be another instance of an XRP price glitch due to low trading activity.
Before then, a similar occurrence was observed last October when XRP traded for $0.5655. Notably, this price anomaly pushed XRP’s value by a massive 6,291,354% to $34,603 on CoinMarketCap. Another notable XRP price glitch sprang up in August 2023, shortly after XRP secured legal clarity. XRP price soared to $50 on Gemini exchange due to a dried-up order book.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
