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- Open interest in XRP futures remains above $8 billion, signaling strong market interest. On-chain data shows wallets holding 1–10 million XRP have increased their share to 10.6% of the total supply.
- Gemini launched a Ripple-powered credit card offering up to 4% rewards on select purchases and plans merchant deals for up to 10% rewards.
XRP, the native cryptocurrency of the Ripple ecosystem, is once again facing selling pressure, correcting 3% today, and testing crucial support at $2.90. The recent price drop comes despite crypto exchange Gemini launching an XRP-powered credit card on August 25.
Today’s drop comes amid the broader crypto market correction, triggering more than $900 million in liquidations across digital assets.
XRP Price Drop Offers Buying Opportunity Amid Whale Activity
In comparison to other altcoins like ETH, SOL, ADA, DOGE, which have corrected 7-12% in the last 24 hours, XRP price has faced a modest drop of 2.3% and is finding support at $2.90. Market analysts see a breakout above $3.0 very soon amid strong on-chain data and whale activity.
As per popular crypto analyst Ali Martinez, a breakout above $3.0 could set the stage for a rally to $3.70. As mentioned in our previous story, some experts also have double-digit targets of $10 and beyond for the Ripple cryptocurrency.
It won't take long before $XRP is back at $3.70! pic.twitter.com/egSX6vcwgC
— Ali (@ali_charts) August 25, 2025
On the other hand, XRP futures open interest (OI) is averaging above $8.0 billion, as per the Coinglass data. This signals steady interest and positive sentiment for the Ripple cryptocurrency in the market. Despite this, XRP has struggled to revisit its all-time high of $3.66 reached on July 18, trading between resistance at $3.38 and support at $2.72 in recent weeks.
However, on-chain data from Santiment shows accumulation among large holders, with wallets holding between 1 million and 10 million XRP now controlling about 10.6% of the total supply, up from 9.8% in July and 9.14% in March. Analysts suggest continued whale buying could tighten supply and drive a breakout above the $3.00 resistance level.
Gemini Is Working on the Ripple Credit Card
Crypto exchange Gemini, co-founded by Tyler and Cameron Winklevoss, has launched the XRP credit card in collaboration with blockchain startup Ripple on Monday, August 25. This launch comes within days of the crypto exchange securing $75 million credit line from Ripple, for its IPO plans, as reported by CNF.
WebBank issues the Ripple credit card and follows the design of Gemini’s existing cashback cards. Cardholders can earn up to 4% back in XRP on select purchases, including fuel, EV charging, and rideshare services.
The card also offers 3% cashback on dining, 2% on groceries, and 1% on other transactions. Gemini said it is working on additional merchant partnerships that could allow users to earn up to 10% rewards on eligible purchases.
Along with launching the Ripple credit card, crypto exchange Gemini is also expanding support for Ripple’s native stablecoin RLUSD. RLUSD is now available as a base currency for all spot trading pairs on the exchange for U.S. customers. Speaking on the development, Ripple CEO Brad Garlinghouse said:
“Fifty-five million Americans own crypto and that number is only increasing as more people look for easier ways to access and use it in their daily lives. With Gemini, we’re making everyday spending a chance to earn and connect with both XRP and RLUSD”.
The latest announcement comes as Ripple is looking to eat into the market share of SWIFT in cross-border payment systems, as reported earlier.