XRP Price News: Slides 3% Even as Gemini-Ripple Credit Card Adds Utility Narrative
XRP Dips 3% Despite Gemini-Ripple Card Enhancing Use Case Narrative
Late-session rebounds lifted the token back beyond $2.90, though uncertainty lingers over whether bullish trends will hold.
By Shaurya Malwa, CD AnalyticsUpdated Aug 26, 2025, 5:43 a.m. Published Aug 26, 2025, 5:43 a.m.
Key Details:
- XRP saw a 3.2% decline from $3.01 to $2.91 between August 25–26, mainly driven by institutional sell-offs.
- Rebounds failed to erase doubts about the token’s capacity to uphold positive price action.
- Gemini’s collaboration with Ripple introduces an XRP rewards credit card, despite ongoing U.S. regulatory hurdles.
XRP witnessed sharp fluctuations over August 25–26, falling from $3.01 to $2.91. A surge in institutional sell-offs between 19:00–20:00 GMT triggered the steepest plunge, with trading volumes surpassing daily averages threefold. While late buying pushed the token back above $2.90, traders remain divided on the sustainability of upward trends.
Market Context
- The token has shown heightened volatility this month, with multiple unsuccessful attempts above $3.00.
- Large holders and institutional activity have fueled brief price shifts, straining smaller investors.
- While broader crypto indices saw more stable gains, XRP underperformed peers due to persistent regulatory pressures in the U.S.
- Gemini, led by the Winklevoss twins, announced a partnership with Ripple to release an XRP version of its WebBank-backed credit card.
- The card provides up to 4% rewards in XRP for fuel, EV charging, and rideshares; 3% for dining, 2% for groceries, and 1% elsewhere. Gemini is also collaborating with chosen retailers to offer up to 10% rebates on eligible purchases.
Market Performance
- XRP dropped 3.24% in 24 hours, trading within a $0.28 span (9% fluctuation).
- Heightened selling peaked from 19:00–20:00 GMT, driving prices from $2.96 to $2.84 amid 217.58 million trades—triple the daily average.
- A 0.69% rise in the final hour lifted prices from $2.89 to $2.91, supported by institutional transactions averaging 641,000 per minute.
Technical Outlook
- Barrier established at $2.96, matching upper Bollinger Band resistance.
- Support formed at $2.84–$2.86, aligning with the 20-day moving average range.
- Intraday stability at $2.89 hints at buying interest, with RSI rising from 42 to mid-50s, indicating steadier momentum.
- MACD histogram tightening toward a positive crossover, suggesting near-term trend reversal potential.
- Holding above $2.90 may pave the way for $3.20–$3.30; falling below $2.84 risks testing $2.80 support.
Trader Focus
- Optimists aim for $3.70 if upward trends resume with normalized volumes.
- Pessimists mark $2.80 as the threshold that might hasten declines.
- Institutional buying is crucial—continued support near $2.89–$2.90 could determine the next phase.
