Gemini’s XRP Reward Card and RWA Surge Propel XRP Toward $5
Gemini launched a credit card offering XRP rewards and integrated Ripple’s RLUSD stablecoin, boosting XRP’s use in retail finance. An Illinois firm filed for an Options Income Fund tied to XRP, reflecting growing institutional interest in income-focused products. Tokenized real-world assets (RWA) on the XRP Ledger surged 144% in recent months, underlining the platform’s expanding role in asset tokenization. The SEC settlement on August 22 confirmed that XRP sales on public exchanges are not securities, removing a key regulatory overhang. Despite SWIFT’s criticism of Ripple’s governance model, XRP’s DeFi metrics remain modest compared with peers. On the 4-hour chart, XRP has formed a bullish flag pattern targeting a breakout above $5.01, supported by a rising RSI above 50 that signals renewed buying momentum. Traders should watch for a decisive close above the flag’s upper trendline with increased volume to confirm the next leg of the rally.
Bullish
Gemini’s launch of an XRP rewards card and RLUSD integration directly expands XRP’s consumer finance use cases, increasing demand. Institutional filings for an Options Income Fund tied to XRP illustrate growing professional interest beyond simple price speculation. The SEC settlement removed a major regulatory overhang, aligning XRP’s status with other non-security crypto assets. Technically, a bullish flag pattern targeting $5.01, combined with RSI crossing above 50, signals renewed buying momentum. Historically, similar regulatory clarifications and product launches (e.g., spot Bitcoin ETFs) have led to sustained price rallies. In the short term, a breakout above the flag’s upper trendline could trigger a rapid rally as traders chase confirmation. Long term, broader adoption via tokenized real-world assets and financial products may underpin higher base demand for XRP.