• XRP makes headlines as Gemini unveils its limited-edition XRP rewards credit card.
• The card offers 4% cashback in XRP, attracting crypto enthusiasts seeking instant rewards.
• Analysts highlight key support levels between $2.97 and $2.84 as crucial for XRP’s next move.

XRP gains attention as Gemini launches its limited-edition XRP credit card, offering users instant rewards in XRP. Crypto enthusiasts are drawn to the card, while analysts emphasize that key support levels will influence the coin’s next moves.

At the time of writing, XRP is trading at $2.95, with a 24-hour trading volume of $12.35 billion and a market capitalization of $176.03 billion. Over the past 24 hours, XRP has declined by 1.98%.

XRP Credit Card by Gemini Offers Crypto Cashback

Gemini recently announced the release of the “Gemini Credit Card – XRP Edition.” This special metal card enables cardholders to earn 4% back in XRP. Crypto fans now have an immediate and hassle-free way to expand their holdings.

XRP Stability Holds as Price Tests Key Levels

Technically, the crypto analyst Man of Bitcoin explained that the immediate drop in XRP was invalidated, implying stability. Nevertheless, a diagonal formation is ongoing. Important levels to monitor lie between $2.97 and $2.84 and may determine if the ongoing scenario persists.”

Overall, while XRP faces minor pressure, the launch of the new credit card and ongoing market activity keep the coin in focus for investors and crypto users alike.

Also Read | XRP Holds $3.03 as Bulls Eye Breakout Toward $3.10

XRP Derivatives Market Shows Rising Activity

XRP has seen a notable rise in recent trading, with volume jumping 119.74% to $12.58 B, reflecting renewed investor interest. Despite this surge, open interest dipped slightly by -0.90% to $8.27 B, indicating that while many trades are being executed, some positions are being closed.

The OI Weighted rate at 0.0115% indicates that overall market sentiment is fairly balanced. Even with heavy trading volume, weighted open interest has remained largely unchanged, suggesting that market leverage isn’t strongly tilted in either direction.

Also Read | How to Build $8,000 a Day in Crypto with XRP Cloud Mining