XRP Price Falls Despite Ripple-XRP Credit Card Launch

The XRP price has dropped 1.5% in the last 24 hours to trade at $2.90 on a 7.7% decrease in daily trading volume, to $7.02 billion.

The decline came despite the launch of an XRP-backed Mastercard, rolled out in partnership with Gemini, the crypto exchange founded by twins Cameron and Tyler Winklevoss.

This new credit card allows users to spend XRP directly and even earn crypto rewards, boosting real-world use. It offers up to 4% cashback in XRP instantly, a move celebrated by Ripple CEO Brad Garlinghouse and Gemini co-founder Tyler Winklevoss, who called it proof that “the flippening is accelerating.”

🚨JUST IN: CEO of @Ripple – Brad Garlinghouse just posted his #XRP Credit Card powered by MasterCard! pic.twitter.com/0pJMuGf43k

— JackTheRippler ©️ (@RippleXrpie) August 25, 2025

The development helped Gemini leap ahead of Coinbase on the App Store, briefly becoming the go-to crypto trading app for new downloads. This followed the buzz around the new XRP credit card and Gemini’s move to support easier XRP on and off ramps for users. 

Sensor Tower data shows Gemini climbed to 16th place in app store downloads, ahead of Coinbase at 20th, despite Coinbase handling over three times Gemini’s daily trading volume.

🔥Latest: @Gemini climbs to #16 on US iOS App Store, overtaking @coinbase (#20), boosted by its new XRP @Mastercard . pic.twitter.com/Rx8X8cilbN

— The Coin Republic (@TCR_news_) August 26, 2025

CoinMarketCap data shows Coinbase processed $4.54 billion in trades over the last 24 hours compared to Gemini’s $382 million. The rankings shift comes just weeks after Gemini filed to list its shares on the Nasdaq under the ticker GEMI, with major banks set to lead its IPO.

XRP Price: On-Chain Trends Show A Mixed Mood

Despite XRP’s good news, on-chain data shows a mixed mood toward the Ripple token among investors. Large transfers to exchanges spiked just after the XRP MasterCard was announced, suggesting that some major holders are using the moment to realise profits or reposition.

Wallet activity, including new accounts and daily active users, has ticked up for XRP, likely thanks to interest in the credit card and growing ecosystem integrations. This suggests more people are engaging with XRP’s network, but not necessarily for long-term holding. The number of daily transactions is steady. 

However, there have been some quick withdrawals from trading platforms following brief price rallies, highlighting a risk-averse and opportunistic trading crowd. Exchange reserves remain relatively high. 

XRP Whale to Exchange Flow Analysis Source: CryptoQuant

This could mean investors are cautious, and not enough XRP is being taken off exchanges to ignite a sustained rally. The increased trading volumes show the market is active, but it may be mostly short-term traders moving in and out until the price finds a new direction.

XRP Price Shows Signs of Bullish Reversal

The XRPUSDT trading pair shows signs of a possible bullish reversal after holding strong above the $2.50 support level. The token is trading around $2.90, recovering from a recent false breakout that briefly pushed it lower.

This bounce suggests buyers are stepping back in and preparing for another push upward.

The chart also highlights how the $2.50 zone, once a strong resistance, has now turned into support. This flip is an encouraging sign for bulls as it often signals the start of a stronger upward trend. As long as XRP stays above this area, the outlook remains positive.

Traders are now watching the $3.50 resistance, which acted as a barrier during the last rally. If the price can break above this level, XRP could make a run toward its next target near $4.00. Technical indicators also support the potential for another move higher.

XRPUSDT Analysis Source: Tradingview

The Relative Strength Index (RSI) is sitting around 48, which shows that the market is in a neutral state. This means XRP is not overbought and still has room for more upside momentum. The RSI has also stabilized after cooling down from its July highs, which reduces the risk of a sharp pullback in the near term.

If bullish momentum continues, XRP could first retest the $3.50 level and then aim for $4.00. A breakout above $3.50 would signal that buyers are firmly in control and could open the door for further gains.

On the downside, if the $2.50 support fails, XRP may face selling pressure that could send it back toward the $2.00 zone, which has acted as a longer-term base of support.

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