The XRP community is buzzing with excitement after cryptocurrency exchange Gemini dropped a major teaser: an XRP-branded Mastercard. A billboard in New York revealed the card, hinting at a potential launch date of August 25, 2025, with WebBank named as the issuing partner. The announcement has already garnered over 1.7 million views on social media, but the big question remains: can this news pull XRP out of its current slump?
Why This Partnership Is a Big Deal
A partnership with a global payments giant like Mastercard is exactly the kind of real-world utility that crypto projects dream of. It signals mainstream adoption and could significantly increase XRP’s use cases for everyday transactions.
We’ve seen this movie before. In late 2023, Solana (SOL) jumped over 20% after Visa announced it was expanding its stablecoin settlement pilot on the Solana blockchain. A similar momentum surge could be in store for XRP if the details of this partnership prove to be substantial.
XRP’s Current Price Struggle
The teaser comes at a critical time for XRP. The token has been struggling, down 14.7% over the past week and a significant 22% from its yearly high. This has left many investors wondering if this could be the catalyst for a reversal.
Currently, XRP is trading in a range between $2.70 and $3.30. The key level to watch is $2.70; a rebound from this support could form a double bottom pattern—a classic technical indicator that often signals the end of a downtrend.
Technical Indicators Hint at a Potential Reversal
The charts are starting to show signs that the selling pressure might be exhausting itself:
- Average Directional Index (ADX): Sitting at 22, a reading below 25 indicates the current downtrend is losing strength.
- Relative Strength Index (RSI):Â Approaching oversold territory, suggesting sellers may be running out of steam.
If XRP can hold the $2.74 support level, the next major upside target sits at $3.34. However, a break below this support could see the price fall toward $1.90.
The “Sell the News” Risk
It’s important to remember that major announcements can sometimes trigger a “sell the news” event. Traders might buy the rumor in anticipation and then sell once the news is officially out, creating a short-term price drop.
For now, the price reaction has been muted, with XRP down just 1.2% following the announcement. The true test will come as we get closer to the potential August 2025 launch date and more details are revealed.
The Bottom Line
The Gemini and Mastercard teaser is undoubtedly bullish news for XRP’s long-term adoption narrative. However, whether it immediately reverses the current price trend depends on broader market sentiment and the specific utility the card will offer. For now, traders should watch the key $2.70-$2.74 support zone closely—it could be the launching pad for the next major move.
