XRP Price Falls to Zero on Poloniex Due to an Exchange Glitch

[Sophie Robert]

XRP experienced a momentary price dip to zero on Poloniex, but hold your horses! 📉🙀 It turns out there was a minor glitch on the platform, and XRP's value quickly bounced back, ending the day at a solid $0.47. 💪💰

But wait, here's the interesting part: this peculiar incident affected only the XRP/USD pair on Poloniex, while XRP maintained a price above $0.45 against USD on other top exchanges. 🔄💼

In the wider crypto market, XRP's 24-hour trading volume stands at a staggering $837,179,219 as of press time, representing a remarkable 68.43% growth compared to July 10. 📊💹

🔍 So, what does this mean for XRP holders and traders? Here's a quick breakdown:

• The price drop on Poloniex was a temporary glitch; XRP's value rapidly recovered.
• The glitch exclusively affected the XRP/USD pair on Poloniex, not other exchange pairs.
• XRP remains strong against USD on various reputable exchanges.
• The overall crypto market is experiencing substantial growth, and XRP is no exception.

Source - https://twitter.com/CoingraphNews/status/1678468992413868053