XRP recently became the center of attention following a price glitch during a live TV broadcast, where its value soared to an eye-watering $21,355. This sudden spike, a massive 961,936% increase from the actual price of $2.22, has once again raised conversations and curiosity within the crypto community. XRP has a history of experiencing price glitches, but this latest anomaly caught even more attention due to the scale of the glitch and the platform it appeared on: Real America’s Voice.
The incident occurred during an episode of American Sunrise Early Edition hosted by Jake Novak, where the market was being discussed live on air. While presenting a cryptocurrency market overview, the price of XRP was shown fluctuating dramatically between $2.22 and $21,355, which instantly raised eyebrows. The audience watching the segment was left bewildered, particularly as the value of XRP seemed to rise in real-time.
Interestingly, the glitch didn’t only affect XRP. Bitcoin (BTC) also displayed a major anomaly, with its value dropping from its actual price of $86,246 to $43,636, marking a 49% decrease. Ethereum (ETH) and Solana (SOL) experienced similar discrepancies, with Ethereum’s price rising from $2,345 to nearly $6,000, and Solana’s price surging from $139 to $2,896. Even meme coins like Dogecoin (DOGE) and Cardano (ADA) saw abnormal spikes. Dogecoin’s value surged 15,900% from $0.22 to $32, and Cardano increased by 10,198% from $0.67 to $69.
Despite the broad range of anomalies across various cryptocurrencies, XRP’s glitch caught the most attention due to its sheer scale. Many members of the XRP community have pointed to these glitches as evidence that the coin’s actual price is not truly reflective of its market value. Some even speculate that these glitches could be signs that XRP is being artificially suppressed and that its price is undervalued in real-time markets.
Jake Novak, the host of the show, confirmed that the unusual price movements were a result of a “technical issue” with the graph being used to showcase the market data. However, Novak only mentioned Bitcoin’s anomaly on air and did not highlight XRP’s massive glitch, further raising questions about the incident. Many in the community have expressed their frustrations, seeing this as just another instance of XRP being underappreciated and undervalued.
This isn’t the first time XRP has experienced price glitches that lead to massive fluctuations in its value. In March 2023, XRP saw its price surge from $0.57 to $74 on a lesser-known exchange, Atlantis. Similarly, in August 2023, shortly after XRP was listed on the Gemini exchange, the price spiked to $50 before normalizing. These recurring glitches have become somewhat of a trend, with XRP experiencing anomalies more frequently than other major cryptocurrencies.
Some skeptics argue that the glitches should not be taken too seriously, noting that other cryptocurrencies, like Bitcoin and Ethereum, also experience occasional price discrepancies due to technical issues. Yet, the frequency of XRP’s price glitches and the sheer magnitude of some of them continue to make waves within the cryptocurrency community.
While some critics dismiss these price fluctuations as technical anomalies, others argue that these glitches highlight a deeper issue with XRP’s market behavior. The recurring glitches fuel speculation that XRP is not being accurately priced on exchanges, leading to further concerns about market manipulation and price suppression. In contrast, skeptics highlight the fact that no other major cryptocurrency has faced as many price glitches as XRP, making the coin’s market dynamics unique and potentially troublesome.
XRP’s community continues to follow these incidents closely, with some hoping that the glitches will eventually lead to broader conversations about XRP’s true market value and potential. Until then, these strange price anomalies will remain a point of debate, with both supporters and critics trying to interpret what these glitches truly mean for the future of XRP.
Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9
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