The post XRP Price Glitch Takes XRP to $5.59 on GateHub: What’s Happening? appeared on BitcoinEthereumNews.com.

XRP price glitch recently spiked XRP above the $5 psychological level on the multi-currency XRPL-based crypto wallet GateHub. Amid the recent XRP breakout, prices appear to have spiked beyond the current position, reaching unprecedented levels on GateHub, a leading crypto wallet built atop the XRP Ledger. XRP Price Crosses $5 on GateHub Notably, the team behind the XRPL-based Shockwave crypto app first called the XRP community’s attention to this anomalous development. Specifically, they pointed out that the XRP price surged to a new peak of above $5 on GateHub, sharing screenshots to back up the claim. – Advertisement – An independent check carried out by The Crypto Basic confirms this disclosure. Interestingly, data from GateHub’s XRP/USD chart indicates that XRP indeed spiked to a peak of $5.5969 on July 17. This strange surge occurred at 14:40 UTC, and within the minute, XRP price immediately dropped to its normal range. Broader market data indicates that this event was isolated to GateHub alone. Notably, while XRP price did observe an impressive 14.64% increase on July 17, its largest intraday gain in over four months, the peak value across the market that day stood at $3.55, much lower than the $5.59 top on GateHub. What Happened? Such a price would have marked a new all-time high for XRP, representing a 57% increase from its normal price range. Essentially, this kind of price spike can happen in two main ways, especially on a low-liquidity exchange. First, if someone places a large market buy order, the system will automatically match it with the best available sell orders. On a thin order book, that means the price can quickly climb, even reaching levels like $5.59, simply because there aren’t enough sellers at lower prices to meet the demand. Also, a spike can occur if someone lists…

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Filed under: News - @ July 22, 2025 3:30 pm