A new wind breath on the crypto universe thanks to Analisa Nadine Torres. After this Southern District of New York judge ruled that XRP was not a “security” on the secondary market, cryptocurrency exchanges have started to reintegrate Ripple’s crypto into their platform. Yesterday, Gemini also re-listed XRP. Guess what had happened on this exchange right after this news.
Outage briefly propelled XRP to the moon
A sense of deja vu? More or less. But history reminds us that bitcoin experienced a fleeting ATH last June on Binance US. The counter of this American exchange displayed 138,000 dollars per coin for the queen of cryptocurrencies on the occasion.
What had really happened? The answers in this article.
” The big exchange Gemini had a problem.
$50 per XRP! »
Following research, coupled with this Cointelegraph publicationwe learned that Gemini had displayed “wrong prices” for XRP a few hours after the relisting of XRP.
This caused lively debates, suffused with ironies and false hopes, among the Twitter community. Some have indeed wondered if it was a fake news supported by photoshopped images. Others have spoken of the advent of a bull run for XRP. Especially when Ripple’s crypto market cap was valued at trillions of dollars on Gemini.
bart simpson Was he right in his prediction of a XRP at $589 ?
XRP trader John S attempted to calm things down by saying:
” The order book is very thin, I watched all day, at one point there was nothing to sell, someone put a lot to sell at $50.00 and someone had to pass a market order and he was then the proud owner of $50 XRP, this was a few hours ago “.
However, here is Gemini’s response:
” We are currently performing maintenance on the platform Gemini and all services are therefore currently unavailable. All client assets and funds remain safe. We will provide updates here as soon as we have more information to share. »
Along with this, Gemini also suspended cryptocurrency deposits and withdrawals yesterday at 10:45 UTC.
At the time of writing, XRP was trading at $0.63 per coin.
The return of XRP
On July 14, the most popular crypto exchanges decided to quote XRP again on their respective platforms. But, at that time, Gemini preferred to test the waters before deciding anything.
So the relisting time arrived yesterday, according to U°Today.
” We are excited to announce that XRP is now available for trading on Gemini. »
” Transactions will start soon exclaims XRP influencer @RipplePandaXRP on Twitter.
It therefore took 28 days for the Winklevoss brothers to decide on this historic return of the Ripple token on the Gemini crypto exchange. Because we are not unaware that the decision of Judge Torres of July 13 generated a sigh of relief from the crypto community.
What surprises us in this story is that Gemini re-listed XRP at the same time as the SEC appealed the judge’s decision mentioned above. A show of support for the crypto community about to despair for the future of their favorite asset?
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