KingXRP (@MRKingXRP), a prominent crypto commentator, brought attention to a surprising glitch that displayed XRP trading at over $10 million across major cryptocurrency exchanges.
Sharing a screenshot on X, KingXRP highlighted the massive discrepancy in XRP prices on platforms such as Binance, Crypto.com, Huobi, and Kraken.
XRP Army Reacts to New Glitch
The image sparked significant discussion within the crypto community. One user speculated that the glitch could be a “stress test” suggesting the network was likely being tested to see if it could handle XRP at this incredible price, or the exchanges were attempting to evaluate their systems.
Another commenter presented a more mundane explanation, saying the glitch is a user manipulation caused by “inspect element functions” in browsers.
Glitches like these are not uncommon in the crypto space. One user recalled a similar event, saying, “I remember this happened in 2021; it glitched to over 1 million on Coinbase. On paper, I was a billionaire for a minute.”
These anomalies are often linked to system errors, API issues, or backend tests conducted by exchanges rather than actual trading activity, and investors rarely get the chance to trade at these prices.
Despite the screenshot showing XRP at astronomically high prices, its real market value remained unaffected, continuing to trade around $1.
Some community members were excited, with one user sharing his plans if the digital asset could reach this price. He posted, “I’m gonna sell 10 of my XRP coins when this happens for real!” Many others also used the incident to reflect on XRP’s price potential.
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What Does the Price Glitch Mean?
The cause of the anomaly has yet to be confirmed as no official statements have been released by the affected exchanges. Whether it was a technical malfunction, a deliberate test, or simple user manipulation remains unclear.
Incidents like these happen often in the crypto market. It gives the community involved an opportunity to share their hopes, speculate on price increases, or just poke some fun at the involved digital asset or exchange.
XRP recently crossed $9.5 million on an exchange. With the growth and attention the market receives, these glitches might become more common as prices soar and exchanges attempt to accommodate the mass influx of investors.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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