XRP Glitch on Crypto.com: Ticker Error Amid Market Struggles

The XRP community has experienced yet another glitch on the leading crypto exchange, Crypto.com. However, this instance is not a price error but a rendition issue involving XRP’s ticker symbol. The glitch, highlighted by Edoardo Farina, a prominent XRP community figure and Head of Social Adoption at XRP Healthcare, saw the ticker display as “<|:style1>XRP</|:style1>” instead of the usual symbol.

The issue, likely caused by a rendering or encoding problem in the HTML, CSS, or JavaScript of the page, did not affect the asset’s price. XRP continued to trade at the normal market value of €0.45 ($0.48) at the time. Despite the glitch being a minor coding bug with no impact on trading activity or market data, it drew significant attention from the XRP community. The Crypto.com team has since resolved the issue.

Amid the market turbulence, XRP has struggled to maintain its price, which has fallen below the $0.50 mark. Currently trading at around $0.47, XRP has seen its value fluctuate due to ongoing market conditions. Earlier in the week, XRP surged by 5% to hit $0.49 pre-FOMC but later retraced to $0.479 following the FOMC announcement, marking a 1.8% drop in 24 hours.

XRP’s price has been choppy over the past two months, remaining within the $0.55 to $0.47 range and trending below the 50-day and 200-day simple moving averages (SMA). This is not a bullish sign for the asset. However, the XRP weekly macro-chart shows a bullish scenario, with higher lows observed over the past 728 days. Key support levels at $0.45 and $0.43 provide a safety net, with a potential bounce from these levels possibly pushing XRP back to $0.55 and higher to $0.72.

In contrast, Bitcoin is testing critical support levels with the potential to see lows of $57,000 if broken while aiming for $72,000 on a bounce. Both BTC and XRP are in consolidation zones, requiring a decisive market direction soon.

Despite the price struggles, Ripple has been actively advancing in technology and collaborations. Ripple’s recent partnership with Archax aims to bring hundreds of millions of dollars worth of tokenized real-world assets (RWA) to the XRP Ledger (XRPL).