XRP has been wildly fluctuating on the Gemini crypto exchange after its relisting.
Crypto users have reported seeing “wonky” prices for Ripple’s XRP
token on the Gemini crypto exchange hours after it relisted the token on its platform for deposits and trading.
Several crypto community members on X (Twitter) on Aug. 11 posted screenshots of what many have described as a "price glitch" that has seen XRP’s displayed price on the exchange rise above $1 a number of times and even spiking to $50 on one occasion.
However, the current market price for XRP is $0.63, according to the crypto tracking website CoinGecko.
While others jokingly commented it was merely a forecast of where the XRP price will go in the future.
Site maintenance announced
Meanwhile, as of Aug. 11, 1:25 am UTC, Gemini announced it has put its platform into full site maintenance.
Related: Digital Currency Group files motion to dismiss Gemini lawsuit, claiming it’s a PR campaign
Gemini announced it had made XRP available again for trading on the crypto exchange on Aug. 10.
It comes after United States District Court Judge Analisa Torres ruled in the Ripple’s case against the Securities Exchange Commission that XRP is not a security when sold on exchanges.
