The XRP community recently experienced a glitch on the popular crypto exchange Crypto.com, but this time it was related to a rendering issue rather than a price error.
This glitch was discovered during a period of market volatility. The crypto market has been struggling, with XRP caught in a tug-of-war between bears and bulls. XRP has fallen below the $0.50 mark, a key support level, during the recent market downturn.
Currently trading at around $0.47, XRP would need a strong market uptrend to reclaim $0.50 as a support level. Despite the challenging market conditions, some XRP supporters remain optimistic about potential price breakouts, with some predictions even reaching as high as $27 and $66.
Many analysts believe that XRP is undervalued due to years of price suppression. Some community members argue that recurring glitches in XRP’s price indicate that its current value does not accurately reflect its true worth.
The most recent glitch on Crypto.com, pointed out by prominent XRP figure Edoardo Farina, did not affect the asset’s price, which remained at €0.45 ($0.48). However, the glitch involved a display issue with XRP’s ticker symbol on Crypto.com’s XRP market page. This was likely caused by a rendering or encoding error in the website’s code.
Despite the minor nature of the glitch, the XRP community highlighted it, questioning why such issues seem to disproportionately affect XRP. The Crypto.com team has since resolved the problem.
Previous XRP glitches have typically involved price fluctuations, such as XRP spiking to $70 on Atlantis in March or being incorrectly listed at $34,602 on CoinMarketCap last October. Another notable incident saw XRP surge to $50 on Gemini last August due to low liquidity.
It is important to note that this article is for informational purposes only and should not be considered financial advice. Readers are advised to conduct their own research before making any investment decisions. The opinions expressed in this article are those of the author and do not necessarily reflect the views of The Crypto Basic. The Crypto Basic is not liable for any financial losses incurred.