XRP traders on a major US-based cryptocurrency exchange were startled this morning when the price of XRP appeared to crash from $1.34 to $0.01. The dramatic drop, which occurred in seconds, was revealed to be an April Fools' prank by the exchange's interface team, playing on longstanding memes about XRP's valuation.
Despite the alarming visual, the global XRP price remained stable at $1.34 across other platforms, and no actual trades were executed at the penny price. The prank coincided with Ripple's activation of its National Trust Bank status under new OCC rules, keeping XRP in the spotlight. Traders are reminded to verify prices across multiple platforms to avoid panic during such events.
XRP Price Plummets to $0.01 in April Fools' Prank on US Exchange
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