XRP Price Momentarily Hits $91.6 on Kraken Due to Trading Glitch

TLDR

• XRP briefly surged to $91.6 on Kraken due to a price glitch before returning to its normal range.
• The current XRP price is $2.16, down 2.2% from the start of the day.
• The price anomaly appeared only on Kraken while other exchanges maintained stable XRP prices around $2.18.
• TradingView data confirmed that the spike occurred at around 04:15 UTC on November 19 and quickly corrected.
• No filled orders were reported during the glitch, which indicates the event had no impact on executed trades.

An XRP price error occurred on Kraken on November 19, briefly pushing the token to $91.6 before correcting. XRP currently trades at $2.16, down 2.2% from earlier in the day, but the temporary spike triggered global attention. The rapid shift affected only Kraken, while other exchanges showed stable pricing at $2.18.

XRP Glitch Triggers Price Surge to $91.6

Kraken experienced a sharp XRP price jump that reached $91.6, according to TradingView’s 5-minute chart data.

The spike occurred around 04:15 UTC and reversed almost instantly, with XRP closing the period at $2.18.

During the same session, XRP briefly dipped to $0.00272 before recovering back to its regular market range.

Such rapid changes indicated irregular order activity within Kraken’s trading system, leading to substantial price misalignment.

Data showed that the price anomaly was exclusive to Kraken and didn’t reflect XRP price movements on other platforms.

Crypto user Kevin Cage stated on X, “The super weird flashwick woke me with an alert. This was insane.”

No major trades were confirmed at that price, meaning users were likely unaffected in terms of order execution.

Past XRP Price Errors and Historical Spikes

The XRP price error on Kraken mirrors previous glitches across different crypto trading platforms.

In July, GateHub recorded a sudden XRP price wick to $5.59, which quickly reverted to the market price.

Another XRP spike occurred on Gemini in August 2023, where prices momentarily reached $50 following Ripple’s legal progress.

That Gemini spike also did not affect actual trades as no completed orders matched the erroneous prices.

Such pricing errors usually stem from low liquidity or malfunctioning trade books during volatile trading hours.

Trading platforms often show flash spikes during thin order books, where large orders meet limited liquidity.

Some users interpreted the event as a technical misread, while others saw it as a glitch-based signal of vacuum zones.

A user on X said, “This flicker isn’t random noise. It shows where Kraken’s vacuum pockets are  they’re up, not down.”

XRP Stabilizes Despite Flash Events

Despite the brief $91.6 glitch, XRP price returned to $2.18 and remained stable across global trading platforms.

Market watchers confirmed there were no executed trades at the $91.6 level, suggesting it didn’t affect portfolios.

Data analysis confirmed the event occurred only within a narrow trading window and was isolated to Kraken’s chart.

At the time of writing, the XRP price stands at $2.16, down 2.2% from earlier in the trading day.

Other exchanges, such as Binance and Coinbase, showed steady XRP price trends without experiencing similar glitches.

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