Cryptocurrency analyst Steph Is Crypto (@Steph_iscrypto) recently shared an unusual claim on X, stating that XRP had dropped to $0.10 on a prominent Asian exchange. The specific platform was not identified, and the claim remains unverified, though it quickly sparked widespread discussion.
For context, XRP has not traded near the $0.10 mark since July 2020, when it reached a low point of $0.1742.
A decline to $0.10 from its current valuation would equate to a drop of over 90%. During the initial analysis, XRP was priced at $1.35, and it is currently changing hands at $1.39.
$XRP reportedly just hit $0.10 on a major Asian exchange one minute ago.
Wtf is going on??? pic.twitter.com/ZEIBYcs3jP
— STEPH IS CRYPTO (@Steph_iscrypto) October 8, 2026
How the Community Responded
Community reactions varied widely, ranging from excitement and confusion to outright skepticism. Several users stated they would immediately purchase the token if the price were genuine, with one remarking he would finish buying within a minute and another claiming he would aggressively accumulate at that price point. Another community member encouraged others to buy the dip and hold.
Conversely, skeptics suspected a technical error, with one user noting they had witnessed a similar incident in reverse a few weeks prior. That user described seeing XRP briefly spike to $3.45 before correcting, suggesting this event was likely of the same nature. Another participant proposed that thin order books could be responsible for the anomaly.
XRP Glitches Usually Go the Other Way
XRP has a documented history of pricing display anomalies, though they typically show extreme upward spikes. For instance, a June glitch temporarily pushed XRP to $62,032, though executing trades at that level was impossible. This latest incident differs because the reported price movement mirrored a flash crash rather than an upward surge, making the downward direction unusual compared to typical community reports.
The Technical Side
Such anomalies are generally attributed to feed errors, temporary imbalances in order books, or internal system malfunctions on the exchange. Platforms handling high volumes can occasionally display distorted figures for a few seconds before the data corrects itself.
While past glitches have temporarily valued XRP as high as $10 million, no actual transactions occur at those erroneous rates. Furthermore, no verified trade data confirms an XRP price of $0.10, and the author of the original post has not disclosed the identity of the exchange.