The XRP community has brought attention to a significant historical price anomaly involving XRP on TradingView. The platform mistakenly displayed XRP at an astonishing $9,864.
XRP has been a topic of various discussions over time, with talks ranging from price suppression to potential global adoption in the near future. However, industry experts often dismiss these discussions as conspiracy theories, suggesting they are a way for investors to cope with uncertainties.
One particular discussion revolves around the series of price anomalies that have affected XRP’s value. Many of these anomalies have led to significant spikes in the token’s price, far beyond what could be considered normal market conditions. Despite not reflecting the actual market situation, these unusual price fluctuations have captured the community’s attention due to their frequency.
A notable incident was documented on TradingView, where XRP enthusiast Jack The Rippler highlighted a sudden surge in XRP’s price from $0.22 to $9,864 in a matter of seconds. This surge translated to a mind-boggling 4,483,536% increase within less than a minute.
Jack The Rippler pointed out that this particular event was among the most remarkable price anomalies observed in the XRP market. He even suggested that the $9,864 price could be the true underlying value of XRP, hidden from public view. Interestingly, a segment of the XRP community shares this belief regarding such anomalies, despite skepticism from others.
One advocate clarified that these anomalies are simply glitches and do not necessarily indicate any secret valuation for XRP. In response, a pseudonymous Air Force Veteran and XRP community member highlighted that most investors do not perceive these anomalies as representing genuine values for XRP, viewing such discussions primarily as a form of entertainment.
It is essential to mention that the XRP price glitch highlighted by Jack occurred a few years ago, specifically on May 7, 2020. Investigations by The Crypto Basic confirmed that on that day, XRP’s trading range was between $0.20 and $0.22, reaching a high of $0.2211 during intraday trading.
Since then, XRP has witnessed several instances of anomalous price movements. For instance, in March, the cryptocurrency community observed XRP’s price surge to $70 on the Atlantis Exchange platform, which was later confirmed as another case of a price glitch resulting from minimal trading activity.
In a previous incident last October, XRP was seen trading at $0.5655, with this anomaly driving its price up by a staggering 6,291,354% to $34,603 on CoinMarketCap. Another noteworthy price glitch occurred in August 2023 shortly after XRP received legal clarity, causing its price to spike to $50 on the Gemini exchange due to an empty order book.
Please note: This content is intended for informational purposes only and should not be construed as financial advice. The opinions expressed herein may reflect the author’s personal views and not those of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic bears no responsibility for financial losses incurred.