How XRP Printed Near $50 on Gemini in August 2023: A Slippage-Driven Trade

In August 2023, XRP briefly printed near $50 on Gemini after a market buy swept a thin order book and hit an isolated sell order far above prevailing levels. The move was described as a real execution caused by severe liquidity imbalance rather than bad data, with estimates suggesting roughly $37,000 in aggressive buying helped trigger the outlier print. Separately, XRP was cited as trading at $1.33, while over 4,300 new wallets were reported created within 24 hours alongside notable Binance outflows.