Top exchange sees XRP error again

The XRP community has once again witnessed another XRP outage on crypto exchange Crypto.com, but this time the problem was with presentation rather than price errors.

The glitch was revealed amid ongoing market woes. The crypto market has been stagnant in a bearish consolidation phase, and XRP has also been caught in the battle between bears and bulls. XRP has abandoned the psychological $0.50 area and has fallen below this key support level in the latest market drop.

Now that the price of XRP is around $0.47, it needs a clear uptrend in the market to flip $0.50 as support again. During such turbulent times, some XRP supporters are finding solace in predictions of price breakouts, with some of them pointing to bold values like $27 and $66.

Most analyses suggest that XRP is highly undervalued, having suffered from years of price suppression. Citing this theory, some community members pointed out that the repeated glitches in XRP’s price prove that the current price level is not a fair value for XRP.

However, the latest outage deviates from the usual pattern. Recently, Edoardo Farina, a prominent XRP community figure and head of social adoption at XRP Healthcare, drew attention to a glitch on the Crypto.com exchange that affected XRP.

However, the glitch did not affect the price of the asset as it was trading at its normal market value of €0.45 ($0.48) at the time. Instead, the glitch involved an issue with the rendering of XRP tokens at the top of the XRP market page. Therefore, users see the<|:style1>XRP" instead of the usual symbol.

It’s worth noting that this issue could be caused by a rendering or encoding problem, perhaps due to an error in the HTML, CSS, or JavaScript that processes and displays the token symbol, or due to a bug in the template engine or backend system that generates the page content.

However, the issue was a minor coding error and did not affect any trading activity or market data. Despite how insignificant this glitch was, the XRP community still focused on it as some supporters continued to ponder why these issues primarily affected XRP. At the time of reporting, the Crypto.com team had already resolved the issue.

Previous XRP glitches

As mentioned earlier, the latest glitch deviates from the usual pattern, which usually involves price changes.

For example, in March of this year, XRP surged to $70 on a lesser-known exchange called Atlantis. Additionally, last October, the XRP community discovered a price glitch on CoinMarketCap, where XRP was actually worth $0.56 but was displayed as $34,602.

In another notable case, XRP surged to $50 on Gemini last August, shortly after it was first listed on the U.S. trading platform. The event was caused by a lack of liquidity and a dry order book, and the price of XRP surged by 7,836% from its price at the time.

Disclaimer: This content is for reference purposes only and should not be considered financial advice. The opinions expressed in this article may be the author’s own and do not necessarily reflect the views of The Crypto Basic. Readers are advised to conduct in-depth research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.