Saad Ullah
⬤ XRP experienced a wild price glitch on Kraken today when the token suddenly jumped to $91.6 on the chart before snapping back to its normal trading zone. The glitch showed up on the 5-minute timeframe, triggering automated alerts across the market and catching widespread attention. The same chart also displayed an earlier sharp plunge to $0.00272, creating two extreme flash-wicks within a brief time window.
⬤ When the anomaly hit, XRP was sitting near $2.16, showing a modest intraday drop of just over 2 percent. TradingView data shows the token first crashed to $0.00272 around 04:05 UTC before bouncing back to roughly $2.18. About ten minutes later, the XRPUSD chart printed a sudden vertical spike to $91.62, marking a temporary surge of more than 4,100 percent compared to the actual market price. The price instantly reverted to $2.18, and other major exchanges kept showing stable XRP prices throughout the event, indicating the movement was isolated to Kraken's internal data feed.
⬤ Market observers noted how thin liquidity can produce extreme chart behavior, particularly during slower trading hours. The glitch sparked conversations about "vacuum pockets," spots where a sparse order book lets a single large order or data error create inflated price prints. This kind of flash-wick has happened before with XRP on different exchanges, including a spike to $5.59 on GateHub earlier this year and a notable jump to $50 on Gemini in August 2023 after XRP's listing. Each time, the irregular movement appeared only on the specific platform and had no noticeable effect on wider market pricing.
⬤ The latest XRP distortion shows how quickly displayed prices can swing when liquidity tightens on a single exchange. While the broader market stayed stable and no evidence suggests actual orders filled at those extreme levels, the event brings fresh attention to how exchange infrastructure and order-book depth can drive short-term pricing oddities. These episodes keep reminding traders to watch liquidity patterns during rapid or unexpected chart moves.
Saad Ullah
