XRP momentarily hits $50 following relisting on Gemini

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Photo Source: Brad Garlinghouse/Ripple (Twitter)

The price of Ripple (XRP) surged to $50 shortly after crypto exchange Gemini relisted the altcoin on its platform.

A few weeks ago, Ripple secured a partial victory against the SEC in a three-year-long lawsuit. This prompted many exchanges, including Gemini, to relist the token.

Shortly after the relisting, users reported that the token’s price had skyrocketed to $50, momentarily boosting XRP’s market cap to over $1.65T. The crypto community speculated a price glitch in Gemini's platform was the reason behind the abnormal XRP rates. 

However, X (formerly called Twitter) user John S reasoned that a trader must have placed a spoof order that someone accidentally purchased for $50, causing the token to temporarily trade at a much higher price.



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Ripple has since returned to its normal pricing. As of writing, the token costs $0.63 and is the fifth largest cryptocurrency with a market capitalization of $33B.

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn

The price of Ripple (XRP) surged to $50 shortly after crypto exchange Gemini relisted the altcoin on its platform.

A few weeks ago, Ripple secured a partial victory against the SEC in a three-year-long lawsuit. This prompted many exchanges, including Gemini, to relist the token.

Shortly after the relisting, users reported that the token’s price had skyrocketed to $50, momentarily boosting XRP’s market cap to over $1.65T. The crypto community speculated a price glitch in Gemini's platform was the reason behind the abnormal XRP rates. 

However, X (formerly called Twitter) user John S reasoned that a trader must have placed a spoof order that someone accidentally purchased for $50, causing the token to temporarily trade at a much higher price.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Ripple has since returned to its normal pricing. As of writing, the token costs $0.63 and is the fifth largest cryptocurrency with a market capitalization of $33B.

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn
Written by
Ayush Pande