XRP News Today: XRP Falls 3% After Gemini Launch Despite 4% Cashback Card

Ripple’s XRP price dropped 3% in the week following the launch of its partnership with crypto exchange Gemini, which introduced an XRP-focused credit card aimed at enhancing the token’s real-world utility [3]. The card allows users to earn cashback rewards in XRP on everyday purchases, with the highest return—4%—on fuel, electric vehicle charging, and rideshare spending, followed by 3% on dining, 2% on groceries, and 1% on general purchases [4]. Despite the launch, the broader crypto market continued to experience downward pressure, contributing to XRP’s price decline. Between August 25 and 26, the token fell from $3.01 to $2.91 before stabilizing slightly above $2.90 [5].

The dip reflected a broader trend of institutional selling, particularly during the 19:00–20:00 GMT window, when XRP dropped from $2.96 to $2.84 on a trading volume of 217.58 million—nearly triple the daily average. Analysts attributed this selloff to institutional outflows, a recurring driver of price volatility for XRP throughout August [5]. While the token later recovered to $2.91, it remained below the $3.00 mark and lagged behind other crypto assets amid ongoing regulatory uncertainty in the U.S. [5].

From a technical standpoint, XRP faces key resistance at $2.96, where previous attempts to break through have failed, aligning with the upper Bollinger Band. A support level appears to have formed between $2.84 and $2.86, coinciding with the 20-day moving average [5]. Momentum indicators show signs of stabilization, with the RSI rising from oversold levels to the mid-50s and the MACD histogram narrowing toward a potential bullish crossover. Analysts suggest that sustained trading above $2.90 could lead to a push toward $3.20–$3.30. A breakdown below $2.84, however, may accelerate a decline toward $2.80 [5].

The Gemini-Ripple partnership is being seen as a strategic step to embed XRP into everyday consumer spending and increase its utility beyond speculative trading. The card, issued by WebBank, is one of the few products that directly ties real-world spending to crypto rewards [3]. However, despite the initiative, XRP has struggled to convert increased adoption into consistent price appreciation. Over the seven-day period ending August 26, the token fell 3.6% to $2.96 [5]. Some analysts remain cautiously optimistic, with one unnamed analyst forecasting a potential 200% rally in the near term due to bullish technical patterns and rising institutional interest [7]. Others, however, caution that XRP must first hold key support levels to avoid further downward pressure.

XRP’s near-term direction depends largely on whether large market players continue to provide support around the $2.89–$2.90 range [5]. For now, the Gemini credit card has strengthened Ripple’s narrative of adoption, but the token’s price action indicates that the market is waiting for more than just utility-driven news to justify a sustained rally [3]. As of late August 2025, XRP remains under $3.00, with large volume holders showing consistent demand despite recent volatility [1].

Source:

[1] FXStreet – Ripple Price Forecast: XRP Eyes $3.00 Breakout as Gemini Debuts XRP-Focused Mastercard – https://www.fxstreet.com/cryptocurrencies/news/ripple-price-forecast-xrp-eyes-300-breakout-as-gemini-debuts-xrp-focused-mastercard-202508251530

[3] AInvest – XRP News Today: Gemini and Ripple Launch XRP Credit Card with 4% Cashback on Purchases – https://www.ainvest.com/news/xrp-news-today-gemini-ripple-launch-xrp-credit-card-4-cashback-purchases-2508/

[4] Crypto Briefing – Gemini Launches XRP Credit Card and Expands RLUSD Stablecoin – https://cryptobriefing.com/gemini-launches-xrp-credit-card/

[5] AInvest – XRP Falls 3% in Recent Sessions, Extending Monthly Drop to 8% Amid Broader Crypto Market Weakness – https://www.ainvest.com/news/xrp-news-today-xrp-falls-3-sessions-extending-monthly-drop-8-crypto-weakness-2508/

[7] CoinGape – XRP Price Prediction: Analyst Eyes 200% Rally as New Canary American-Made ETF Filing Fuels Optimism – https://coingape.com/markets/xrp-price-prediction-analyst-eyes-200-as-new-canary-american-made-etf-filing-fuels-optimism/