- Live TV glitch showed XRP at $21,355, a 961,936% surge, sparking debate.
- Other cryptos like BTC, ETH, and SOL also had incorrect prices.
- Past XRP price errors raise concerns over data feed reliability.
A recent live TV transmission showed an XRP price of $21,355, sparking extensive conversation within the cryptocurrency community. The irregularity happened during a segment of “American Sunrise Early Edition” on Real America’s Voice, where the shown price indicated a rise of 961,936% from XRP’s true market worth.
Live TV Mistake Displays XRP at $21,355
The error became clear when significant cryptocurrency values seemed inaccurate on the program. XRP’s price varied from $2.22 to $21,355, staying visible during the market analysis section. Although the host, Jake Novak, recognized the price difference of Bitcoin, he did not discuss the XRP irregularity.
The matter rapidly circulated on social media, eliciting responses from crypto fans who referenced comparable previous occurrences with XRP price errors.
Other cryptocurrencies also encountered incorrect price visualizations. Bitcoin was displayed at $43,636, much lower than its true market value. Ethereum’s value soared to $6,000, demonstrating an unforeseen 156% rise. The price of Solana soared to $2,896, whereas Dogecoin surged to $32, reflecting a staggering increase of 15,900%. Cardano’s price surged to $69, a stark difference from its actual value of $0.67.
Repeated XRP Price Anomalies Trigger Worries
This isn’t the first instance of XRP facing major price differences because of technical problems. In June 2024, TradingView showed XRP at $9,864, significantly above its true market price. In a different case, Binance faced a technical glitch in October, briefly pricing XRP at $5,791. Likewise, CoinMarketCap displayed XRP at $1,919 in November 2023 because of a data feed problem.
These ongoing malfunctions have prompted inquiries regarding the dependability of data streams utilized by financial platforms. Although mistakes may happen, major price changes in a single asset can lead to uncertainty and, at times, trigger baseless speculation. Market players persist in examining these occurrences, highlighting the significance of precise pricing information in cryptocurrency trading.
Market Impact and Community Reaction
After the live TV pricing issue, XRP’s real market price was $2.10, showing a 5.5% drop in the last 24 hours. On a weekly basis, the token experienced a drop of 12.9%, and its losses for the month totaled 7.3%. Even with the decline, trading volume rose by 14.5%, hitting $4.18 billion.
The incorrect price showing contributed to the current conversations about XRP, particularly with ongoing legal matters involving Ripple and the SEC. Investors and analysts continue to pay attention to regulatory updates, along with technical elements affecting XRP’s prospective market trends. The recent error emphasizes the possible dangers linked to misinformation and stresses the importance of trustworthy market data in the cryptocurrency sector.
The occurrence on live TV once more highlighted price feed inconsistencies that sometimes impact digital asset platforms. Although the error was promptly identified, it sparked additional discussions regarding the reliability and consistency of cryptocurrency price reporting in different media platforms.
