Ripple coin restores $3 psychological threshold amidst Gemini’s XRP credit card hype, but the big catalyst is yet to come..
Gemini’s recent Ripple (XRP) MasterCard launch has sparked off a wave of excitement across American crypto holders, reaching out for the 4% cashback offer. Among those testing out the new card are Ripple’s top executives, including the Chief Technology Officer (CTO) David ‘JoelKatz’ Schwartz.
A Breakthrough Moment For XRP In USA
The chief developer posed rocking an XRP embroidered t-shirt, as well as other merchandise at the XPResso coffee shop in San Francisco, California. “Got my XRP belt on, wearing an XRP t-shirt, holding an XRP rewards credit card at XRPresso … someone pinch me?”, – said JoelKatz, celebrating a breakthrough in the OG altcoin’s adoption.
This comes amidst a series of positive legal headwinds for Ripple (XRP), including a $50 million settlement deal with the United States Securities and Exchange Commission (SEC). Besides, America’s top financial regulator is bound to give an answer on the pile of Ripple-based ETFs by November, 2025.
Ripple Gets Tested With Traditional Banks
Likely bringing Ripple coin to a wide audience of traditional stock investors, this could double-up XRP’s latest all-time high. Over a month ago, Ripple (XRP) hit $3.65 after 7 years of wait. Now, the mainstream remittance altcoin backtracked to exactly $3, but still garners over $6 billion in daily Spot volume.
For the $7 price target to materialize, Ripple coin’s market cap would have to secure nearly $400 billion today, adding $222 billion to its current market capitalization. Surely, that’s only possible with further integration with traditional banks. Racing with Hedera (HBAR) for a piece of SWIFT’s $155 trillion cake, Ripple also lately partnered with R3 Consortium.
Notably, this allows Ripple coin-powered liquidity trials to be tested with big names in the banking field, including Barclay’s, Royal Bank Of Canada, Santander, SEB, National Bank of Australia & a rich list of Dubai-based banks, running the XRP Ledger on an institutional level in the United Arab Emirates.
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