Gemini has hinted at launching an XRP-branded Mastercard, sparking renewed excitement among XRP enthusiasts. But could this move help reverse the token’s recent downtrend?
On Aug. 21, Gemini shared an image on X showing a New York billboard promoting the XRP Mastercard. The ad featured the date “8.25.25,” likely signaling the card’s launch, and listed WebBank as the issuing partner.
“Prepare your bags,” Gemini captioned the post.
Although Gemini and Ripple have yet to reveal specifics about the card’s functionality, the announcement has already attracted significant attention, amassing over 1.7 million views, 3,100 reposts, and more than 10,000 likes—highlighting the buzz within the XRP community.
Could the launch of the XRP Mastercard reignite momentum for XRP?
The announcement arrives as XRP struggles in the market. The third-largest cryptocurrency by market cap has fallen 14.7% over the past week and is down 22% from its yearly high.
Cryptocurrencies often see significant rallies following partnerships with major payment networks like Mastercard. A notable example occurred in late 2023, when Solana (SOL) surged over 20% after Visa announced plans to expand its stablecoin settlement pilot on the Solana blockchain.
However, the XRP Mastercard launch could also trigger a “sell the news” reaction if traders have already factored the announcement into the price.
At the time of reporting, XRP’s price movement remained subdued, with the token down 1.2% for the day.
XRP price analysis
On the daily chart, XRP has been moving within a range of $2.70 to $3.30 since late July.
If the token falls to $2.70 and then bounces back, it could form a double bottom—a classic reversal pattern in technical analysis that often indicates a potential end to a downtrend.
The Average Directional Index (ADX), which gauges trend strength, has dropped to 22—a reading below 25 suggests that the current trend is weakening. For XRP, this hints at a possible trend reversal.
Additionally, XRP’s Relative Strength Index (RSI) is nearing oversold levels, signaling that the downward momentum may be nearing exhaustion.
If XRP rebounds from $2.74, the next upside target could be $3.34. Conversely, a drop below $2.74 might push the token lower toward $1.90, a key support level that has held since June.
