Kraken Glitch Sparks XRP Price Spike to $90 Before Crash
XRP experienced a sudden price spike on Kraken due to an apparent glitch on November 19, 2025. At 05:15 UTC+1, Kraken data displayed a single flash wick sending XRP to $91.63 from a $2.18 open. The shock and immediate reversal suggest a brief XRP price spike rather than a market-driven rally. The error likely stemmed from a mispriced trade or data loading issue. Crypto traders saw the flash wick and quickly realized it lacked supporting volume. Within moments, XRP fell back to $2.18, erasing the spike. Similar glitches have impacted XRP charts in the past. While a sustained rise to $90 would have repositioned XRP as a top crypto asset, the rapid correction confirms a technical error. The incident underscores exchange vulnerabilities. Traders should monitor order books and use risk controls. This Kraken flaw highlights the need for robust platform testing and vigilant trading strategies.
Neutral
The Kraken glitch that sent XRP to $90 was purely technical and lacked market fundamentals. Similar flash wicks have occurred, causing momentary chart distortions without altering supply-demand dynamics. The rapid price reversal to $2.18 indicates traders quickly recognized the anomaly. While the event may have triggered short-term volatility and increased monitoring of order books, it did not influence long-term sentiment or XRP’s fundamentals. This incident highlights the importance of exchange stability and vigilance but does not affect the broader crypto market trajectory. Therefore, the net impact on trading activities and market stability is neutral.