Will XRP Price Surge with the Launch of Gemini’s XRP Mastercard?

Summary: Gemini has announced plans for an XRP-branded Mastercard, prompting renewed interest among XRP followers. This development raises questions about whether it can change the token's declining price trend.

Key Takeaways

Gemini's Announcement: Gemini revealed plans for an XRP-themed Mastercard, likely launching on August 25, 2025.
Market Impact: XRP's price has fallen 14.7% in the past week and 22% since its yearly peak.
Investor Sentiment: The XRP community has shown significant excitement, with the announcement post garnering over 1.7 million views.
Technical Indicators: XRP's current trading range is between $2.70 and $3.30, with potential reversal patterns appearing on the charts.
Price Projections: A rebound could target $3.34, while a drop below $2.74 may send prices toward the support level at $1.90.

Gemini has sparked new excitement in the XRP community with their plans to launch an XRP-branded Mastercard. This announcement, made on August 21 via a post on X, included a billboard image from New York showcasing the Mastercard alongside the date "8.25.25," which is likely when the card will be released. WebBank is also named as the card's issuing partner, with Gemini encouraging followers to "Prepare your bags."

Despite this enthusiastic news, neither Gemini nor Ripple have disclosed specific functionality details of the card at the time of writing. The initial post gained considerable traction, amassing over 1.7 million views, 3,100 reposts, and more than 10,000 likes. This reflects a strong sense of anticipation within the XRP community.

The announcement arrives as XRP’s price has recently been in a downturn. The cryptocurrency, currently the third-largest by market capitalization, has seen a 14.7% decline over the past week and a significant 22% drop from its yearly high.

Historically, major announcements in collaboration with prominent payment networks like Mastercard have often led to significant price increases. For example, late last year, Solana (SOL) experienced a price surge of over 20% after Visa expanded its stablecoin settlement pilot on the Solana blockchain. However, there is also the possibility that the XRP Mastercard announcement could lead to a "sell the news" response, with traders pricing in these developments before the official launch.

As of now, XRP's price movement has been relatively subdued, showing a decrease of 1.2% on the day. Currently, XRP is trading within a range of $2.70 and $3.30 that has persisted since late July. If it manages to dip to $2.70 and then bounces back, this may form a double bottom pattern—a common bearish-to-bullish reversal indicator in technical analysis.

Moreover, the Average Directional Index (ADX), which analyzes trend strength, has dropped to 22. Readings below 25 suggest waning strength in the current trend, indicating a potential for reversal in XRP's case. Additionally, XRP's Relative Strength Index (RSI) is nearing oversold territory, signaling that downward pressure may be nearing its limit.

Based on these technical indicators, should XRP find support at $2.74, it could target $3.34 as the next upside level. Conversely, if it falls below $2.74, it may drop further towards $1.90, another significant support level that has remained intact since June.

Disclosure: This article is for informational purposes only and should not be considered investment advice.

Will XRP price rally on Gemini XRP Mastercard launch?