The post XRP News Today: Gemini Fuels XRP Price to New Heights appeared first on Coinpedia Fintech News
XRP has been creating significant excitement in the crypto community, recently catching the attention of the prominent U.S. exchange Gemini. Yesterday, XRP hit a three-month high with a nearly 20% price surge, briefly reaching $0.6366, marking over a 60% increase since the bearish trend reversed on July 5. Although XRP has corrected some gains, stabilizing around $0.5823, it remains the top-performing cryptocurrency among the top 10 assets over the past week.
Gemini’s Enthusiasm Trigger’s Lost Hope of XRP Community
XRP enthusiast Alex Cobb has shared some fascinating insights into how XRP could make a big difference in international money transfers – giving a more significant threat to the traditional money transfer system. He recently on his X post asked the XRP community’s views on XRP amid its comeback, and received mostly bullish responses. Gemini joined the conversation, expressing their excitement about XRP, and celebrated its 30% 7-day gains with a “to the moon” video, accompanied by the message, “Rise and vibe, XRP fam.”
Rise and vibe XRP fam +30% in 7 days pic.twitter.com/gVe3KLvsHh
— Gemini (@Gemini) July 17, 2024
Shift in Perspective
Gemini listed XRP for the first time in August 2023 following a lawsuit victory confirming XRP is not a security. Since then, Gemini has actively supported XRP through various promotional activities, such as offering XRP rewards on everyday purchases with the Gemini Credit Card and the “XRP Faucet” campaign, which provided users with 20 XRP daily for a week. Gemini’s enthusiasm and efforts have significantly increased the bullish sentiment around XRP, making it a standout in the current crypto market.
Is XRP ETF Calling?
Gemini’s recent focus on XRP has sparked speculation about a potential XRP exchange-traded fund (ETF). This ETF could enhance the asset’s legitimacy among institutional and retail investors, adding excitement to the community’s discussions. Many are exploring the reasons behind Gemini’s sudden embrace of XRP, considering the possibility of an XRP ETF as a significant development.
