XRP’s Price Now Suddenly Surged Past $10M On Major Exchanges

XRP’s price now suddenly surged past $10M on major exchanges thanks to a surprising glitch on the market.

KingXRP (@MRKingXRP), a well-known crypto commentator, recently highlighted a surprising glitch that showed XRP trading at over $10 million on major cryptocurrency exchanges.

He shared a screenshot on X, drawing attention to the significant price discrepancies on platforms like Binance, Crypto.com, Huobi, and Kraken.

The incident sparked lively discussions in the crypto community.

One user speculated that it might be a “stress test” to see if the network could handle such a high price, while another suggested it was simply user manipulation through browser “inspect element” functions.

Glitches like this are not unusual in the crypto world.

One user recalled a similar situation from 2021 when Coinbase displayed XRP at over $1 million, making him feel like a billionaire for a moment.

These anomalies are typically due to system errors, API problems, or backend tests by exchanges, not actual trading activity, and investors rarely get the chance to trade at these inflated prices.

Despite the screenshot showing XRP at such high values, its actual market price remained stable around $1.

The cause of this glitch is still unclear, as no official explanations have been provided by the exchanges involved.

Whether it was a technical issue, a deliberate test, or simple manipulation is yet to be determined.

Such incidents often lead to speculation and excitement within the community, as members discuss their hopes for XRP’s future price potential.

Recently, XRP was seen trading at over $9.5 million on one exchange.

As the market continues to grow, these types of glitches may become more frequent as exchanges try to manage increasing investor interest.

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Also Read: XRP Now Achieves Highest Weekly Close in Three Years

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Frank Nez

Frank Nez is an American retail journalist whose research has been cited by SEC and Congressional reports. Frank Nez has been featured by prominent outlets such as TheStreet and NewsBreak. ‘Daily Crypto News’ is now an official CoinMarketCap news source.

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