The XRP token on the Gemini crypto exchange has experienced significant price fluctuations since its relisting, with some users reporting “wonky” prices and glitches. Screenshots have shown XRP’s displayed price rising above $1 and even spiking to $50 on one occasion. However, the current market price for XRP is $0.63 according to CoinGecko. Some observers suggest that the price fluctuations may be due to a thin order book and low liquidity following the recent relisting. Others jokingly commented that it could be a forecast of future XRP prices. Gemini has announced site maintenance and disabled cryptocurrency deposits and withdrawals. The exchange had made XRP available for trading again on August 10 after a court ruling that XRP is not a security when sold on exchanges. Gemini has not yet responded to requests for comment.
