- XRP briefly spikes to $5.6 on GateHub platform glitch.
- Sudden XRP price jump on GateHub triggers market-wide discussions.
- Low liquidity blamed for XRP’s sharp, short-lived GateHub surge.
XRP experienced a sudden and unexpected price spike on GateHub, soaring to $5.6 before swiftly returning to normal levels. The brief surge occurred on July 17 and immediately caught the attention of market participants and observers.
According to Shockwave (@Shockwave App), an XRPL-based crypto app, the XRP community was alerted to the anomaly after screenshots of the GateHub chart showed the token peaking at $5.5969.
Data from GateHub confirmed the incident, with XRP closing the day at $3.5052 and recording a trading volume of 2.713K.
Market-wide data reflected a different story, showing XRP reaching only $3.55 across other platforms on the same day. The isolated nature of the spike on GateHub signaled that it did not align with the broader market trend and was likely caused by platform-specific factors.
$XRP went to $5.56 on Gatehub, nfa. pic.twitter.com/5svtlJ5Sst
— 𝐒𝐇𝐎𝐂𝐊𝐖𝐀𝐕𝐄 ⚡️🌊 (@Shockwave_App) July 21, 2025
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Low Liquidity Behind XRP’s Price Anomaly on GateHub
Further examination revealed that GateHub’s XRP market operated with low liquidity at the time of the spike. The available buy and sell orders totaled approximately $183,578 and $143,898, respectively. This level of liquidity is insufficient to support large trades without significant price impact.
On low-liquidity platforms, a single large market buy order can clear out multiple sell orders at once, driving the price up sharply. Alternatively, if a buyer unknowingly agrees to a high-priced sell order, the trade executes at that inflated rate, resulting in abrupt spikes such as the one recorded.
A comparable situation occurred in August 2023, when XRP briefly surged to $50 on Gemini following its listing. That spike, too, was linked to a thin order book and was quickly corrected as liquidity stabilized.
The GateHub spike has raised fresh concerns among traders about the risks of trading on platforms with shallow order books. Without enough liquidity, prices can swing dramatically, misrepresenting actual market conditions and increasing the chance of accidental high-price executions.
XRP’s momentary jump to $5.6 on GateHub was the result of isolated trading under low liquidity conditions. Although it triggered a temporary reaction across the crypto space, the broader market remained unaffected, reinforcing the need for careful trade execution on lightly traded platforms.
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