A mysterious anomaly in XRP pricing reportedly occurred on the U.S.-based exchange Kraken, displaying an astonishing trading price of $62,032. The incident was initially highlighted by Jimmy Crypto, who observed the unusual price fluctuation for approximately 10 minutes on Wednesday. Screenshots accompanying his post revealed multiple instances where XRP buy and sell orders were seemingly executed at around $62,032, despite the asset’s actual value on the platform being $0.476.
This development has sparked renewed interest among optimistic community members, particularly those who argue that such recurring pricing discrepancies indicate XRP’s true value. These enthusiasts see the high prices witnessed during the glitch as a potential future reality, bolstering their belief that XRP’s market value is intentionally suppressed.
“They can’t conceal it any longer,” remarked one community member.
However, scrutiny of the claims reveals that despite the $62,032 price appearing in multiple buy and sell orders shown in the screenshot, it did not reflect in the asset’s 24-hour price change. Kraken also did not report any abnormal trading volume for XRP, with the volume remaining steady at $4.8 million, casting doubt on the glitch’s validity since no transactions were executed at that price.
Sabr, another user commenting on the event, suggested that the anomaly might have been caused by a browser malfunction distorting the order book data. Sabr also noted that similar behaviors could be replicated by quickly switching between different currency pairs.
This assessment gains credibility considering that on the same day Jimmy observed the glitch, Bitcoin was trading near $62,000. Bitcoin’s trading day began at $61,789.68, peaked at $62,434.14, and closed at $60,811.28.
This incident is not an isolated case within the XRP community. Previously, various trading platforms have reported similar price anomalies. Recently, the XRP Army highlighted a historical glitch on TradingView where XRP was inaccurately displayed at $9,864. In March, there was a notable surge in XRP’s price to $70 on the Atlantis Exchange platform. Additionally, last October, CoinMarketCap recorded an XRP price anomaly of $34,603. Some of these anomalies were attributed to low trading activity on specific exchanges, while others were disputed as potentially fabricated claims.
**Disclaimer:** This article provides informational content and should not be construed as financial advice. The opinions expressed herein are those of the author and not necessarily representative of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, and The Crypto Basic assumes no responsibility for financial losses incurred.
