In a recent post on X, JackTheRippler (@RippleXrpie), a prominent figure in the XRP community, shared a screenshot showing an apparent glitch on CoinMarketCap, a leading cryptocurrency price tracking website.
The image showed XRP trading at a staggering $9,557,352. This is astonishingly higher than XRP’s current price of $0.5277 and has ignited a firestorm of reactions within the XRP community.
Read Also: XRP Price Abruptly Surged to $9,866, Sparking Community Reactions
A significant portion of the XRP community interpreted the glitch as a signifier of XRP’s underlying potential. They believe the displayed price represents the true value of XRP, and that a significant price surge is imminent, eventually propelling XRP to that level. One user even called it a prophecy, suggesting a preordained future price increase.
This optimism stems from XRP’s potential to revolutionize the cross-border payment sector. Many believe that adoption as a reserve currency can send XRP to unprecedented heights. However, most people expect prices around $10,000, and a price of $9,557,352 seems almost impossible for the digital asset.
The incident has also sparked debate regarding the nature of these glitches. While some dismiss them as mere technical errors, others believe XRP is being suppressed. The recurring nature of these glitches has also raised some questions in the community. One user asked why JackTheRippler was always the one to spot these glitches.
One community member also questioned why XRP appears to be disproportionately affected by such pricing errors. JackTheRippler has shared multiple glitches over the past few months and the frequency seems to be increasing.
While some within the XRP community are excited about these glitches, others express a desire for more tangible progress. These glitches only affect the display prices and investors can’t trade at these prices. Many users want to see real progress instead of continued glitches that don’t lead to anything tangible.
Read Also: Another XRP Glitch On This Top Exchange Ignites Community Reactions
However, analysts have shared many bullish predictions about XRP, and these users might start seeing significant progress soon. Following XRP’s recent bullish performance, an analyst stated that XRP’s current price might be the final buying opportunity at low prices.
While the incident has ignited excitement within a segment of the XRP community, it has also prompted questions about the validity of such price displays and the need for more concrete developments to drive long-term price growth.
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.
Follow us on Twitter, Facebook, Telegram, and Google News
Recently, the Tron (TRX) ecosystem has been a playground for meme coins, attracting investors with…
2024 continues to unfold as a transformative year for the cryptocurrency market, notable projects like…
The blockchain industry is experiencing rapid growth, but it’s also facing significant challenges as projects…
September is shaping up as a big month for the crypto market, with TRON’s revenue…
As September rolls out, the crypto market is hoping for much needed price recoveries, especially…
Shiba Inu (SHIB) enthusiasts have long held ambitious hopes for the token’s price to reach…