XRP Hits $91 on Kraken in Flash Price Glitch

XRP’s price chart on Kraken displayed an unexpected spike to $91.62, significantly higher than its regular trading range near $2.17. The 15-minute Heikin Ashi candle showed a vertical jump that pushed XRP from approximately $2.17 to over $90 within a single bar. Other major exchanges didn’t record any similar movement, confirming this was a platform-specific incident.

While the price wick reached above $90, the candle immediately dropped back to normal levels, suggesting a data error or liquidity malfunction. Trading activity stayed in the $2 range, and volume didn’t show the kind of surge you’d expect from a real breakout. Traders quickly recognized this as likely a technical problem with Kraken’s price feed instead of an actual shift in XRP’s market value.

The chart structure shows no correlated trend, momentum, or volatility that would justify such a dramatic move. XRP trading on other platforms continued normally without any disruption, and the broader crypto market didn’t react. This confirms the event stemmed from an exchange-side issue rather than genuine buying pressure or a liquidity crisis.

These temporary price misprints matter because they expose ongoing issues with liquidity depth, order book stability, and automated pricing systems on certain exchanges. These incidents can temporarily skew market perception and raise questions about platform reliability, especially during volatile periods. While XRP’s actual market remained steady, the sudden distortion on Kraken highlights why exchanges need stronger safeguards against technical glitches that cause erratic price movements.

source: 𝕂𝕚𝕟𝕘 𝕂𝕒𝕣𝕒𝕟