A recent #XRP price glitch has appeared on mainstream live TV, pushing XRP to $126 on CNBC, one of America’s leading financial news networks.
Notably, the latest incident on CNBC occurred during an episode of its “Crypto World” show on Jan. 28. During the episode, the host spoke on the crypto market structure hearing by the Senate Agriculture Committee amid controversies surrounding the bill. However, when presenting the prices and performances of the top crypto assets, CNBC shared that Bitcoin (BTC) changed hands at $89,532 with a 0.39% decline in the last week, with Ethereum (ETH) trading for $2,996, seeing a mild 0.77% drop within the same period.
Interestingly, the presentation suggested that XRP had a value of $126.01, with a 3.8% decline over the past week. For context, this figure represented a 6,532% increase from XRP’s actual price of $1.9 at the time. While several ambitious XRP community members often argue that these high figures typically reflect XRP’s real price when the market factors in its utility, the latest incident was merely just a display issue on the part of CNBC.
Notably, CNBC’s Crypto World show often displays the prices of Bitcoin, Ethereum, and XRP, which it considers the top three crypto assets. However, on Jan. 28, the show mispriced XRP by using Solana’s value in its place. For context, at the time of the show, SOL had a price of $126, which CNBC wrongly attributed to XRP.