The XRP community has recently drawn attention to a significant historical anomaly involving XRP’s price on TradingView. The platform mistakenly displayed XRP at an astonishing $9,864, sparking discussions within the community and beyond.
XRP has long been a focal point of various discussions, ranging from debates on price suppression to its potential global adoption in the future. Despite these discussions, industry leaders often dismiss such claims as conspiracy theories, attributing them to investor coping mechanisms.
One prominent topic within these discussions revolves around XRP’s history of encountering multiple price anomalies. Many of these anomalies have seen the token’s price skyrocket to unprecedented levels, far beyond prevailing market conditions. Despite their irregular nature, these price surges have consistently captured the community’s attention due to their frequency.
The $9,864 incident, highlighted by XRP community figure Jack The Rippler, occurred suddenly on TradingView, where XRP’s price surged from $0.22 to the erroneous figure within seconds. This spike represented an astounding 4,483,536% increase in less than a minute, marking it as one of the most notable price anomalies observed for XRP. Jack The Rippler suggested that this anomalous price might reflect XRP’s true value behind the scenes, a sentiment echoed by a segment of the community despite broader dismissals.
Contrary voices emphasize that these anomalies are mere glitches and do not signify any hidden or accurate valuation of XRP. In response, a pseudonymous Air Force Veteran and member of the XRP community clarified that such discussions primarily serve entertainment purposes rather than offering genuine financial insights.
It’s crucial to note that the TradingView glitch, highlighted by Jack The Rippler, occurred several years ago on May 7, 2020. Following an investigation by The Crypto Basic, it was confirmed that XRP’s actual trading range that day was between $0.20 and $0.22, with an intraday high of $0.2211.
Since then, XRP has encountered several instances of abnormal price behavior over the years. For instance, in March, the cryptocurrency community observed XRP’s price surge to $70 on the Atlantis Exchange platform, which was later attributed to another glitch caused by low trading activity. Similarly, last October, XRP briefly traded at $0.5655, resulting in a remarkable 6,291,354% increase to $34,603 on CoinMarketCap. Another notable glitch occurred in August 2023, shortly after XRP gained legal clarity, causing its price to spike to $50 on the Gemini exchange due to an empty order book.
Readers should note that this content serves as informational and not financial advice. The opinions expressed herein, including those of the author, do not necessarily reflect those of The Crypto Basic. It is advisable for readers to conduct thorough research before making any investment decisions, as The Crypto Basic does not take responsibility for any financial losses incurred.