January 30 News, XRP once again became the focus of the crypto community due to a real-time price display error during a television program. During this week’s CNBC ‘Crypto World’ show, the screen briefly displayed XRP at $126.01, significantly higher than the actual price of around $1.90 at the time—an increase of over 6500%, instantly sparking discussions on social media.
Looking back at the footage, the program was broadcasting a hearing by the U.S. Senate Agriculture Committee on the structure of the crypto market. Bitcoin and Ethereum prices were normal, but when the camera switched to XRP, the price suddenly jumped into the three-digit range. The production team later confirmed that this was caused by mistakenly applying Solana’s spot price at the time to the XRP segment, a purely technical error.
Nevertheless, this ‘phantom price’ once again aligned with the long-held view of some XRP holders: they believe that the market has not fully priced in XRP’s potential utility, and such abnormal displays are interpreted as hints of a ‘hidden fair value.’ However, multiple crypto media outlets have clarified that this incident was merely a data source confusion.
In fact, XRP has experienced several instances of extreme abnormal quotes in its history. In 2020, a trading platform once showed its price approaching $9,864; in the following years, false values ranging from hundreds to tens of thousands, and even over a billion dollars, appeared across various data sources. These ‘printing errors’ did not alter the actual transactions but repeatedly generated buzz.
From the current market situation, XRP is still fluctuating around $1.7, with a 24-hour trading volume of approximately $5.4 billion. Meanwhile, expectations for XRP spot ETFs continue to rise, with some analysts believing that if such products are launched, they could absorb a small portion of circulating supply and thus amplify price elasticity.
Although the CNBC screen malfunction was a blunder, it once again reminds investors that in highly emotional markets, data accuracy and risk awareness are equally important.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Price Consolidates as Market Awaits Breakout Signal
Key Insights:
XRP consolidation between $1.20 and $1.45 signals a buildup phase as reduced volatility and balanced pressure prepare the market for a breakout.
An open interest drop from $10 billion to $2.57 billion reflects a leverage reset, indicating a healthier derivatives structure and r
CryptoNewsLand2h ago
XRP Price Nears $1.50 Breakout as Triangle Tightens
Key Insights:
XRP consolidates within a symmetrical triangle, with tightening price action suggesting a potential breakout toward higher resistance levels as bullish momentum continues building.
Supertrend turning green and MACD rising indicate increasing buying pressure, supporting a bullis
CryptoNewsLand3h ago
Altseason Pump: Can Ripple Altcoin XRP Replicate 350x Returns Same as 2018 in 2026?
Altseason pump: can Ripple XRP replicate 350x returns?
Analyst expects the same returns as from 2018 in 2026 for XRP.
Can the price of XRP set new ATH prices this year.
Expectations for altseason continue to grow as Bitcoin and Ethereum prices continue to maintain promising prices
CryptoNewsLand7h ago
XRP Market Shows Leverage Reset Amid Divergence Between Derivatives Pressure and Spot Strength
Gate News message, April 26 — XRP's market structure is displaying signs of significant repositioning, with data showing a complex divergence between derivatives and spot activity. According to market analysis, leveraged longs on major CEX perpetuals are being unwound even as spot price remains
GateNews8h ago
XRP Spot ETF Records $6.44M Net Inflows, Bitwise XRP ETF Leads
Gate News message, April 25 — XRP spot ETFs posted net inflows of $6.44 million on April 24, according to SoSoValue data. Bitwise XRP ETF was the sole contributor, recording the entire $6.44 million in daily inflows and bringing its historical total net inflows to $426 million.
XRP spot ETF
GateNews10h ago
Bitwise XRP ETF Leads Market With $426M in Cumulative Inflows as XRP ETF Assets Surpass $1B
Gate News message, April 25 — Bitwise's XRP ETF has emerged as the clear market leader in the growing XRP-linked investment product space, pulling in consistent net inflows while competing funds struggle to sustain momentum. According to market tracker Xaif Crypto, Bitwise's XRP ETF recorded net inf
GateNews04-25 19:51
