Gemini Hints at XRP Relisting with Cryptic Posts and Riddle

Gemini, the crypto exchange founded by the Winklevoss twins, has sparked speculation among the XRP community with a series of cryptic posts and a riddle on X (formerly Twitter). The posts suggest that Gemini might be planning to relist XRP, the native token of Ripple, after delisting it in 2020 following the SEC lawsuit against Ripple.

Gemini Expresses Interest in XRP

On January 21, 2024, Gemini posted three messages on X that mentioned XRP, the fourth-largest cryptocurrency by market capitalization. The first one said, “Don’t forget about xrp”, the second one said, “xcited about xrp”, and the third one said, “xrriving shortly”. The posts were accompanied by a link to Gemini’s website, where users can trade various cryptocurrencies.

The posts generated a lot of buzz among the XRP community, who interpreted them as hints that Gemini might be preparing to relist XRP on its platform. Gemini had suspended XRP trading and deposits in January 2020, after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, alleging that it had sold XRP as unregistered securities. Gemini was one of the many crypto exchanges that delisted XRP in the wake of the SEC action.

However, in July 2023, a federal judge ruled in favor of Ripple, stating that XRP sales on digital asset exchanges did not constitute offers and sales of investment contracts. This decision was seen as a major victory for Ripple and XRP, as it cleared the legal uncertainty surrounding the token. Since then, some crypto exchanges have resumed XRP trading, such as Uphold, Bitrue, and Gate.io.

Gemini Posts a Riddle about XRP

On January 22, 2024, Gemini posted another message on X that contained a riddle. The message said, “Can you solve this riddle? In the land of giants, I’m swift and small, when I run I don’t stall. Across borders, I freely roam, in markets near and far from home. What am I? The answer will be posted in 24 hours.”

The riddle sparked more speculation among the XRP community, who believed that the answer was XRP. They pointed out that XRP is relatively low-priced compared to other cryptocurrencies, such as Bitcoin and Ethereum, which are often referred to as giants. They also noted that XRP is known for its fast and cheap transactions, which enable cross-border payments and remittances. Moreover, they argued that XRP has a global presence, as it is traded in various markets and supported by various platforms.

Some users also suggested that the riddle was a clever marketing strategy by Gemini, as it generated curiosity and attention for both the exchange and XRP. They expected that Gemini would announce the relisting of XRP soon, and that this would boost the price and adoption of the token.

XRP Price and Market Reaction

The XRP price reacted positively to Gemini’s posts and riddle, as it increased by 10% in the past 24 hours, according to CoinMarketCap. At the time of writing, XRP is trading at $0.85, with a market capitalization of $39 billion. XRP is still far from its all-time high of $3.84, which it reached in January 2018, but it has recovered significantly from its low of $0.17, which it hit in December 2020, after the SEC lawsuit.

The XRP community is eagerly awaiting Gemini’s answer to the riddle, and hoping that it will confirm the relisting of XRP. If Gemini does relist XRP, it will join other major crypto exchanges that have done so, such as Coinbase, Kraken, and Binance.US. This would increase the liquidity and accessibility of XRP, and potentially attract more investors and users to the token.

Gemini has not officially confirmed or denied its plans to relist XRP, but its cryptic posts and riddle have certainly created a lot of excitement and anticipation among the XRP community.