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XRP momentarily hits $50 following relisting on Gemini

Published date:

February 2, 2026

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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.

the order book is very thin, i have been watching all day, at one point there was nothing for sale, someone put a lot to sell at $50.00 and someone must have fat fingered a market order and then they were the proud owner of $50 XRP, this was from a few hours ago pic.twitter.com/W5AoG2eV0r
— John S (@lifebythedrop63) August 11, 2023

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

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.

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How we reviewed this article

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Ayush Pande

Written by:

Ayush Pande

Writer

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

Radica Maneva

Reviewed by:

Radica Maneva

Senior Editor

Radica is a Senior Editor at Bitcompare. She has worked for more than a decade at leading publications as an Editor across various industries, including crypto and finance.

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