{"id":414538,"date":"2020-02-13T16:00:09","date_gmt":"2020-02-13T16:00:09","guid":{"rendered":"https:\/\/wncen.com\/?p=414538"},"modified":"2020-02-13T15:32:46","modified_gmt":"2020-02-13T15:32:46","slug":"xrp-plummets-over-50-on-major-exchange-causing-rage-amongst-users","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-plummets-over-50-on-major-exchange-causing-rage-amongst-users\/","title":{"rendered":"XRP Plummets Over 50% on Major Exchange, Causing Rage Amongst Users"},"content":{"rendered":"
XRP has seen some incredibly bullish price action over the past couple of days, with the crypto’s recent break above $0.30 leading it to incur significant buying pressure that propelled it up to highs of $0.33.<\/p>\n
This intense volatility is part of the reason why active traders flock to the crypto market in droves, but a flaw on one of the top trading platforms allowed XRP to see some anomalous price action that led it to plummet towards $0.12.<\/p>\n
This drop led some traders using the platform to reportedly see major losses due to their long positions getting liquidated.<\/p>\n
At the time of writing, XRP is trading up 10% at its current price of $0.326, which marks a notable climb from daily lows of $0.286 that were set just prior to the sharp upwards movement it saw yesterday evening.<\/p>\n
After rising to highs of $0.33 yesterday evening, the cryptocurrency faced a slight rejection that led it down to lows of $0.30 overnight, from which it has since recovered.<\/p>\n
Importantly, however, this overnight dip cut significantly deeper on BitMEX, with the platform\u2019s XRP\/USD trading pair seeing a massive anomalous drop that led it to lows of just over $0.12 in a single one-hour candle.<\/p>\n
Galaxy, a prominent cryptocurrency analyst on Twitter, spoke about the drop in a recent, pointing to a chart showing the massive decline seen on the platform.<\/p>\n
\u201cXRP USD went as low as 0.13 on Bitmex,\u201d he noted while referencing the chart seen below.<\/p><\/blockquote>\n
\n$XRP<\/a> USD went as low as 0.13 on Bitmex. <\/p>\n
Crazy shit. pic.twitter.com\/w86sNLwOhg<\/a><\/p>\n
— Galaxy (@galaxyBTC) February 13, 2020<\/a><\/p><\/blockquote>\n