Gemini Unveils Exciting plans for XRP-Powered Credit Card
The cryptocurrency world is buzzing with news about gemini’s upcoming XRP-branded Mastercard. An image from Gemini, shared on X, shows a New York billboard featuring this innovative card. With “8.25.25” marked prominently, it truly seems the launch is just around the corner.
The billboard also mentions WebBank as the issuing partner.Gemini wrote “Prepare your bags,” sparking excitement among XRP enthusiasts. Despite little official detail at this stage, the post attracted massive attention—over 1.7 million views and thousands of interactions.
This comes after a tough period for XRP. As the third-largest crypto by market cap, it has seen significant losses recently. A 14.7% drop over the past week and a 22% dip from its yearly peak highlight this downturn.
Historically, tie-ups with major payment firms can boost cryptocurrencies. Such as,Solana saw a 20% increase following a Visa partnership announcement in 2023. However, traders might already have factored this news into XRP’s price, leading to a ‘sell the news’ scenario.
- XRP trades within a $2.70-$3.30 range since late July.
- A drop and rebound at $2.70 could signal a double bottom pattern.
- The Average Directional Index (ADI) suggests weakening trends below 25.
- RSI nearing oversold levels hints at potential reversal.
If XRP climbs past $2.74, it could aim for $3.34. But a drop below $2.74 may see prices heading towards $1.90.
