XRP News Today: Gemini Unveils XRP-Themed Mastercard Amid 14.7% Price Drop

Gemini’s recent announcement of an XRP-themed Mastercard has sparked renewed interest in the cryptocurrency. The teaser post, shared on August 21, included an image of a New York billboard with the tagline “Prepare your bags” and the date “8.25.25,” likely indicating a future launch on August 25, 2025. WebBank was also named as the issuing partner [1]. The post received over 1.7 million views, 3,100 reposts, and more than 10,000 likes, reflecting strong engagement from the XRP community [1].

Although details about the card’s functionality remain limited, speculation suggests that XRP holders may benefit from cashback incentives, with one report indicating potential rewards of up to 4% cashback [2]. Gemini has also hinted at enhancing its rewards program, which could increase the utility of XRP for token holders [3].

The timing of the announcement comes amid a challenging market for XRP. The token has dropped 14.7% over the past week and 22% from its yearly high. Despite this, technical indicators suggest that the selling pressure may be easing. The Average Directional Index (ADX) for XRP has fallen to 22, a level typically associated with a weakening trend. Additionally, the Relative Strength Index (RSI) is approaching oversold territory, indicating that the downward momentum could be nearing exhaustion [1]. If XRP rebounds from the $2.74 level, the next resistance target could be $3.34. Conversely, a break below $2.74 could send the price toward $1.90, a support level that has held since June [1].

Historical patterns suggest that similar announcements can trigger significant price movements. For instance, in late 2023, Solana (SOL) surged over 20% after Visa expanded its stablecoin settlement pilot on the Solana blockchain [1]. A comparable response could occur for XRP if market participants view the Gemini Mastercard as a meaningful step toward broader adoption. However, the market may also react with a “sell the news” dynamic if the development is already priced in prior to the official launch [1].

XRP has shown some recent volatility, reaching $2.89 on August 6 and briefly attracting speculation of a potential move toward $10 [4]. Analysts have noted that as long as XRP remains above $2.90, the bullish case for a move toward $3.50 remains intact [5]. Additionally, some forecasts have identified a potential $5 price level as a key target, contingent on Ripple’s stablecoin RLUSD reaching $700 million in circulation [6]. These projections remain speculative and are based on analyst forecasts rather than confirmed market outcomes.

Gemini’s latest move follows previous initiatives aimed at enhancing XRP’s utility, including an earlier announcement of a potential launch date for the XRP-themed credit card on August 19 [2]. The broader XRP ecosystem appears to be supported by growing optimism, with some analysts suggesting that a combination of technical strength and regulatory clarity could drive a more substantial price move [7].

Source:

[1] Will XRP price rally on Gemini XRP Mastercard launch? (https://crypto.news/will-xrp-price-rally-on-gemini-xrp-mastercard-launch/)

[2] Gemini Announces Launch Date for XRP-Themed Credit ... (https://coincentral.com/gemini-announces-launch-date-for-xrp-themed-credit-card/)

[3] Top U.S. Exchange Gemini Hints at Something Big Coming ... (https://thecryptobasic.com/2025/08/20/top-u-s-exchange-gemini-hints-at-something-big-coming-for-xrp/)

[4] XRP nears $2.89 as traders eye $10 hurdle, RTX gains ... (https://www.ainvest.com/news/xrp-news-today-xrp-nears-2-89-traders-eye-10-hurdle-rtx-gains-momentum-xrp-2-0-alternative-2508/)

[5] XRP Price Outlook: Is a Mega Breakout Brewing or Are ... (https://coincentral.com/xrp-price-outlook-is-a-mega-breakout-brewing-or-are-whales-quietly-setting-up-their-exit/)

[6] XRP price alert: rally to $5 likely as RLUSD nears $700m ... (https://crypto.news/xrp-price-alert-rally-to-5-likely-as-rlusd-nears-700m-milestone/)

[7] XRP's $21 Moonshot: A Convergence of Technical ... (https://www.ainvest.com/news/xrp-21-moonshot-convergence-technical-precision-regulatory-clarity-2508/)