RATE Group | Coinbase Glitch Sent XRP 4,000,000% Higher; What Happened?
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Coinbase Glitch Sent XRP 4,000,000% Higher; What Happened?

08 Jan Coinbase Glitch Sent XRP 4,000,000% Higher; What Happened?

Posted at 00:53h in Cryptocurrency News by

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XRP was able to incur some decent upwards momentum over the past few days, which allowed it to climb from lows of $0.185 to highs of just under $0.23. This momentum, however, paled in comparison with an anomalous surge seen by the cryptocurrency overnight on popular cryptocurrency trading platform Coinbase.

The move, which resulted from a glitch or a misplaced order, sent XRP’s price surging as high as $8,341, temporarily pushing its price on Coinbase above that of Bitcoin.

For a Brief Second, the Glitch Caused XRP To Be Vastly More Valuable Than Bitcoin

The glitch, which occurred overnight, could have been a platform bug or stemming from an individual placing a market buy order for XRP priced at $8,341.

Although the root of this movement remains unclear, it did create some buzz on crypto Twitter from individuals who witnessed the massive candle surge on Coinbase Pro’s 1-minute chart option.

Welson, a popular figure on Twitter, spoke about the…

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