XRP Price Abruptly Spiked to $62,032, Getting Community Excited

Serious discussions were ignited recently in the XRP community after a post on X claimed to show a glitch where XRP allegedly traded at $62,032. This price stands in stark contrast to XRP’s current price of $0.4732.

The post, shared by JackTheRippler (@RippleXrpie), a prominent figure in the XRP community who often shares price glitches, included an image suggesting this extraordinary price point. This sparked a debate within the XRP community, with some interpreting it as a sign of XRP’s true price, while others offered a more grounded perspective.

Read Also: XRP Price Abruptly Surged To $5,791 On Binance. Pundits Speculate On Likely Cause

XRP as an Undervalued Gem?

A segment of the XRP community seized this event to validate their long-held belief that XRP is undervalued. They argued that the glitch displayed the true price of XRP and that a significant price surge was inevitable. This viewpoint was echoed by several users who commented on the post, with some calling $62,032 XRP’s real price and arguing that this was not a glitch.

This optimism stems from a belief in the underlying technology and potential use cases of XRP. Proponents believe that XRP’s role as a bridge currency for cross-border payments will eventually be realized, leading to a substantial increase in value. These users always defend these lofty targets, and many voiced their opinions the last time JackTheRippler shared an XRP price glitch.

Dissenting Opinions in the Community

However, others within the community provided a more measured response. One user pointed out that the trades displayed at $62,032 were likely Bitcoin trades and not indicative of an XRP price glitch. The user also noted that XRP’s history does not show this price.

Another X user noted that this could be a browser error, highlighting that switching back and forth between the BTC/USD and the XRP/USD pairs could recreate this glitch.

Read Also: Expert Thinks XRP Price Can Fall to $0.1. Here’s why

Historically, many price glitches with cryptocurrencies are solely display errors. Transactions occur at the actual market value when users attempt to buy or sell at an inflated price.

The incident also drew criticism from some corners of the cryptocurrency community.  One user referred to XRP as the “most sued, hyped, and glitched cryptocurrency,” referencing the ongoing legal battle between Ripple, the company behind XRP, and the U.S. Securities and Exchange Commission (SEC).

Many share a similar sentiment, believing XRP cannot climb significantly from its current level. However, the teasing might end soon, as an ex-Ripple director believes the end of the lawsuit will pave the way for a massive surge.

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. Times Tabloid is not responsible for any financial losses.

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