thecryptobasic.com
The $XRP community has witnessed yet another $XRP glitch on leading crypto exchange Crypto.com, but this instance features a rendition issue rather than a price error.
This glitch was uncovered amid the ongoing market struggles. The crypto market has been stuck in a bearish consolidation phase, with $XRP also caught in the middle of the battle between the bears and the bulls. $XRP has since relinquished the psychological $0.50 price territory, breaching below this pivotal support during the latest market downturn.
With $XRP now changing hands at the $0.47 price region, it would need a decisive market uptrend to again flip $0.50 into support. During turbulent times like this, some $XRP proponents find solace in projections of price breakouts, with a few of these predictions pointing to audacious values such as $27 and $66.
Most of these analyses suggest that $XRP is highly undervalued, having suffered from years of price suppression. Citing this theory, some community members point to recurrent $XRP price glitches as a testament to the assertion that the current price level is not $XRP’s fair value.
$XRP Glitch Observed on Crypto.com
However, the latest glitch deviates from the usual pattern. Most recently, Edoardo Farina, prominent $XRP community figure and $XRP Healthcare’s Head of Social Adoption, called attention to a glitch on the Crypto.com exchange affecting $XRP.
Users reported another $XRP glitch on exchange Crypto dot com 🚨 $XRP named as “<|:style1>$XRP</|:style1>” 👀 pic.twitter.com/zeZDbR3NSw
— EDO FARINA 🅧 $XRP (@edward_farina) June 13, 2024
Nonetheless, this glitch did not affect the asset’s price, as it traded for the normal market value of €0.45 ($0.48) at the time. Instead, the glitch involved an issue with the rendition of $XRP’s ticker at the top of Crypto.com’s $XRP market page. As a result, users observed “<|:style1>$XRP</|:style1>” rather than the usual symbol.
Notably, this issue was likely due to a rendering or encoding problem, possibly caused by an error in the HTML, CSS, or JavaScript that processes and displays the ticker symbol, or a bug in the templating engine or backend system that generates the page content.
However, the issue was a minor coding bug and did not impact any trading activity or market data. Despite how irrelevant the glitch was, the $XRP community spotlighted it, as several proponents continue to ponder why these issues mostly impact $XRP. At the reporting time, the Crypto.com team has resolved the issue.
Previous $XRP Glitches
As earlier stated, the latest glitch deviates from the usual pattern, which typically involves changes in prices.
For instance, $XRP spiked to $70 on Atlantis, a lesser-known exchange, in March. In addition, last October, the $XRP community discovered price glitches on CoinMarketCap that put $XRP at $34,602 at a time when its actual value was $0.56.
In another notable case, $XRP witnessed a price surge to $50 on Gemini last August shortly after the U.S.-based trading platform listed it for the first time. This occurrence, which was due to low liquidity and a dried-up order book, saw $XRP spike by as much as 7,836% from its price at the time.