XRP Community Flags Potential Uphold Exchange Glitch

The XRP community has flagged a potential glitch on the Uphold exchange, where users noticed a significant price drop for XRP that was not seen on other major trading platforms. This issue was highlighted by Micah (@MicahPW20), who shared screenshots showing the discrepancy. While other exchanges showed XRP at around $0.4762, Uphold had it drop from $0.47558 to $0.46227, a 2.64% decline.
The XRP price has not fallen below $0.47 since June 27, according to CoinMarketCap, and was trading at $0.4772 at press time. The discrepancy is puzzling, especially given Uphold’s partnership with Ripple and its significant XRP reserves.
Possible explanations for the anomaly include temporary liquidity issues or a platform-specific glitch. A large sell order with insufficient buy orders on Uphold could cause a temporary dip. However, Uphold’s substantial XRP reserves cast doubt on the low-liquidity theory. Some users have reported similar issues with other assets on Uphold, and one user claimed to have previously bought XRP at reduced prices due to such glitches.
The article ends with a disclaimer advising readers to conduct thorough research before making any investment decisions.