Gemini–Ripple Credit Card Fails to Lift XRP, Token Slips 3%

XRP Volatility Persists as Bulls Eye $3.20, Bears Warn of $2.80 Breakdown

XRP remains volatile after sliding from $3.01 to $2.91 in the August 25–26 session, a 3.2% decline that left the token struggling to reclaim momentum above $2.90. Institutional liquidations during the heaviest selling hour pushed volumes to 217.6 million — nearly triple the daily norm. A modest late-session bounce offered relief, but conviction remains weak.

Despite Ripple’s partnership with Gemini to launch an XRP-denominated credit card, traders remain cautious. The product expands utility with up to 4% XRP cashback on fuel and EV charging, yet broader crypto benchmarks outperformed XRP, underscoring its regulatory headwinds.

Charts highlight $2.96 as resistance and $2.84–$2.86 as support. RSI recovery and narrowing MACD suggest short-term stabilization, but traders say institutional absorption near $2.90 will decide the next leg. Bulls see potential toward $3.70 if momentum strengthens, while bears warn a breakdown under $2.80 could accelerate downside.

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