[Shock]: XRP ‘to the moon’ at $7308 in 1-minute candle on Coinbase
An individual minute on January 4 may probably be one of the happiest moments of the year for XRP traders on Coinbase, especially for those who have sold off their entire hodlings in that weird time.
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XRP ‘to the moon’ $ 7308 on Coinbase
According to information shared on Twitter by Larry Swanson, XRP saw a ridiculous jump on Jan. 4. According to him, the candle of XRP on the Coinbase chart, which priced below $ 1, has jumped above $ 7,000 to reach $ 7,308 in the 1-minute candle on Coinbase.
XRP hits $7308.00 in a 1 minute candle seen on the Daily Chart on Coinbase.
Just another “Glitch” pic.twitter.com/hv6QYfWIC2
— Larry Swanson (@AzAscend) January 4, 2020
While Bitcoin was priced around that range yesterday before rising to $ 7,500 today,
implying that the XRP candle was comparable to BTC on the Coinbase chart at the time.
However, Larry claimed it could be a bug or an error affecting the XRP price, and the information on the chart also confirms that it is definitely a big error. On the dashboard, the real value of XRP at that time was still below $ 0.2, while the cryptocurrency candle was higher than $ 7,000.
Not only that, at the time of the error, XRP price has lost 0.41% within 24 hours.
The issue led to an active discussion topic on Twitter. Tittlet also mentioned that in October, there was a similar event, causing the XRP price to be at the same candle level as BTC.
He noted that at the time, when Bitcoin was priced above $ 8,300, XRP hit the $ 7,341 mark in a 1-minute candle.
I caught this same thing back in October. It was the BTC price. pic.twitter.com/ag7ROuXUT4
— tlittlet (@TimLittleton6) January 5, 2020
Beaipper Bull said Coinbase is losing control of price-suppression.
$7308 XRP “glitch”
Seems like they are losing control of price suppression
Not saying it’s gonna get that high
But certainly happening way too frequently for it to be nothing https://t.co/qBAzPDvAN6
— The Bearable Bull (@thebearablebull) January 5, 2020
A strange event occurred around the time the cryptocurrency market was trying to test an uptrend recovery as the war between the US and Iran lasted. The XRP price is trading at $ 0.2, with an increase of nearly 6%.
XRP price today. Source: Coinmarketcap
Disclaimer: This is not trading advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
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