XRP Drops 8% But Traders Stay Bullish as Gemini Launches XRP Credit Card

XRP (CRYPTO: XRP) has dropped about 8 percent in the past month, but traders are still feeling positive after new updates show it’s being used more in real life.

Crypto analyst CrediBULL thinks XRP could move up to around 3.60–4 dollars, depending on what Bitcoin does. He plans to take some short-term profits at those levels but will keep holding his XRP until it hits double digits.

Data from Coinglass shows XRP trading volume jumped 115 percent in one day, while open interest went down slightly by 1.4 percent. In the last 24 hours, liquidations reached 15 million dollars, with 12.3 million dollars from long positions.

On the community side, Gemini is launching a new Gemini Credit Card, XRP edition in the U.S., giving up to 4 percent back in XRP instantly. Ripple also confirmed that RLUSD is now supported for U.S. spot trading with no extra conversion fees.

The card rewards XRP differently depending on the purchase. For example, 4 percent back for gas, charging, and rideshare, and 3 percent back for dining.