XRP Price Spikes After Sudden Reappearance on Coinbase

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The delisted crypto asset XRP just made a brief reappearance on Coinbase Pro, causing its price to jump 14% in a matter of minutes.

The top US-based exchange removed the ability to trade the token on its platform soon after the U.S. Securities and Exchange Commission (SEC) launched its lawsuit against Ripple, which claims Ripple sold XRP as an unregistered security for years.

 

Coinbase says a glitch caused XRP to appear on its professional trading platform, and the coin was quickly removed.

Source: CoinGecko

The exchange says no one was actually able to buy or sell the token.

“As previously announced, Coinbase has suspended trading in XRP.

Due to a technical issue, XRP was temporarily viewable on the Coinbase Pro mobile app for some customers but was not tradeable.”

After a brief spike to $1.24, XRP’s price dipped back down to $1.08 at time of writing.

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