Gemini

Token

Rose

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Some Gemini users saw XRP token trading from $1 to $50 after the token relisting on the platform.&nbsp;</a> </li> 
 <li> <span>2</span> <a>XRP token price is $0.63, over 30% up in the monthly time frame.&nbsp;</a> </li> 
</ul> 
<p>Many prominent cryptocurrency exchanges hassled to re-list XRP tokens following the most awaited result of the Ripple vs SEC lawsuit. The court ruled out “XRP is not a security” and it gave exchanges a moral boost to make the crypto asset over their trading platforms. Gemini announced the listing of XRP over the platform a day earlier, but the instance took the attention wildly for the token price to trade at even $50.”</p> 
<p>Several social media users posted screenshots of XRP token price trading over Gemini exchange platform. The trading price was said to be anywhere from $1 to $50 per token, but its actual price.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-xrp-price-over-gemini-crypto-exchange-strong"><strong>XRP Price Over Gemini Crypto Exchange</strong></h2> 
<p>A Twitter account with the username Yassin Mobarak posted a screenshot showing the XRP trading price at $1.10. The user shared the “wow” moment asking if the current price of the token on Gemini is a “glitch.”</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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  <blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
   <p lang="en" dir="ltr">Wow. Current price of <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> on <a href="https://twitter.com/Gemini?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Gemini</a>. Is this a glitch? <a href="https://t.co/Nbzro1ahlW" rel="noopener noreferrer nofollow">pic.twitter.com/Nbzro1ahlW</a></p>— Yassin Mobarak 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa9d.png" alt="🪝" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Dizer_YM) <a href="https://twitter.com/Dizer_YM/status/1689805652577665024?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 11, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>Twitter user, JackTheRipple shared the screenshot of the XRP token price at $50 and noted it as a glitch on the major crypto exchange.&nbsp;</p> 
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  <blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
   <p lang="en" dir="ltr">Major exchange <a href="https://twitter.com/Gemini?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Gemini</a> had a glitch. <br><br>$50 per <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a>! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/UBEWN7Rv7j" rel="noopener noreferrer nofollow">pic.twitter.com/UBEWN7Rv7j</a></p>— JackTheRippler © (@RippleXrpie) <a href="https://twitter.com/RippleXrpie/status/1689729797943926784?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 10, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>One of the major American cryptocurrency exchanges, Gemini, announced the relisting of XRP on the platform on August 10th, 2023. The company noted to start crypto asset deposit for now and will be trading facilities to take place after some time.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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  <blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
   <p lang="en" dir="ltr">We have xciting news!<br><br>XRP is now available for deposits on Gemini. Trading support will follow xtra soon. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f91d.png" alt="🤝" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/f2EjxewRm0" rel="noopener noreferrer nofollow">pic.twitter.com/f2EjxewRm0</a></p>— Gemini (@Gemini) <a href="https://twitter.com/Gemini/status/1689634981738401793?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 10, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
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<p>However, as soon as the token was listed on the exchange platform, users found the glitch in the price and took to Twitter/X with their concerns.&nbsp;</p> 
<p>Though there is no official statement from Gemini by press time, several other users tried to find the reason. Some suggested that the jump in price points could be the result of recent listings following a thin order book and low liquidity over the platform.&nbsp;</p> 
<p>According to the CoinMarketCap data, the XRP token is trading at $0.63 following a slight increase of 0.6% in the last 24 hours.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-gemini-is-under-maintenance-but-not-for-xrp-strong"><strong>Gemini is Under Maintenance, But Not for XRP</strong></h2> 
<p>Amidst the issues around cryptocurrency’s trading price over the platform, some of the users also faced timeout issues on the spot markets.&nbsp;</p> 
<p><a href="https://www.thecoinrepublic.com/2023/06/20/crypto-exchange-gemini-reveals-singapore-expansion-plan/" rel="noopener noreferrer nofollow">Gemini</a> informed through its official website about the full site maintenance of the platform on August 11th, 2023. The firm noted that given the maintenance on the platform, all the services would be “currently unavailable.”&nbsp;</p> 
<p>The funds and assets belonging to the customers are secure, it added, and information would be shared if there will be an update.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

XRP Token Price Rose $50 Due to ‘Glitch’ in Gemini Post-Relisting

Table of Contents

Thecoinrepublic.com

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