The cryptocurrency community was left stunned after a bizarre price glitch on live American television displayed XRP soaring to an astronomical $21,355—marking an unprecedented 961,936% increase from its actual market value of $2.10. The incident occurred during an episode of American Sunrise Early Edition on Real America’s Voice, raising questions about data accuracy in financial reporting.
XRP Price Glitch: What Happened?
During the live segment, major cryptocurrencies such as Bitcoin, Ethereum, Solana, Dogecoin, and Cardano also experienced incorrect price fluctuations. While the show’s host, Jake Novak, acknowledged Bitcoin’s price anomaly, he failed to address the glaring XRP glitch, leaving many crypto enthusiasts puzzled.
Throughout the broadcast, XRP’s price fluctuated wildly between $2.22 and $21,355, prompting immediate reactions from the crypto community. Many users took to social media to highlight the error, sparking speculation about potential underlying technical faults or data feed issues.
Recurring XRP Price Glitches: A Pattern Emerges
This isn’t the first time XRP has been at the center of a price display mishap. In June 2024, TradingView mistakenly listed XRP at $9,864, significantly above its actual market value. Similarly, Binance experienced a glitch in October 2023, showing XRP at $5,791. CoinMarketCap also misrepresented XRP’s value at $1,919 in November 2023.
The pattern of these incidents raises concerns about the reliability of data feeds and their impact on market sentiment. Whether these errors stem from technical glitches or external manipulations remains a subject of debate within the crypto community.
Market Reactions and XRP’s Current Status
Despite the temporary price anomaly, XRP’s actual value has seen a decline, currently trading at $2.10 with a 5.5% drop over the past 24 hours. Weekly and monthly losses stand at 12.9% and 7.3%, respectively. However, trading volume has surged by 14.5%, reaching $4.18 billion, reflecting continued investor interest.
While the glitch may have been a harmless technical error, it underscores the need for accurate price reporting in financial broadcasts, ensuring that such anomalies do not mislead traders and investors.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
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