Gemini’s XRP Rewards Card Debuts as $2.73 Support Holds

Ripple CEO Brad Garlinghouse unveiled Gemini’s XRP rewards card, offering up to 4% crypto cashback on Mastercard rails. Issued by WebBank, the card transforms everyday spending into XRP accumulation without exchanges. This launch marks a milestone for XRP real-world adoption. Market response was mixed, with social media buzzing and analysts weighing in on utility versus price impact. Technical analysis shows XRP trading at $2.87 within a descending triangle pattern. The key support level of $2.73 must hold to prevent a slide toward $2.33. Short-term resistance sits at the 20-day EMA of $3.04, while the RSI remains neutral. A breakout above the triangle’s downtrend line could trigger a rally to $3.40 and potentially retest the all-time high of $3.65. Traders should watch both the card’s adoption metrics and the $2.73 support level to gauge XRP’s market direction and confirm bullish or bearish momentum.
Neutral
The launch of Gemini’s XRP rewards card adds real-world utility and potential steady demand for XRP through everyday spending. However, the technical outlook remains balanced: XRP sits in a descending triangle, with the $2.73 support level critical to preventing a drop to $2.33, while resistance at the 20-day EMA of $3.04 caps upside. Similar crypto card launches have generated short-term excitement but limited sustained price impact. The mixed sentiment and neutral RSI suggest neither bulls nor bears have full control. Traders should watch adoption metrics versus key technical levels. Given these offsetting factors, the overall impact is neutral until a clear breakout or breakdown occurs.