Utility Narrative Builds With Gemini–Ripple Credit Card, but XRP Still Down 3%

XRP Struggles Near $2.90 After 3% Drop, Utility Push Fails to Lift Sentiment

XRP slid 3.2% from $3.01 to $2.91 in the August 25–26 session, hit by heavy institutional liquidations that tripled average volumes and briefly sent prices to $2.84. The token rebounded above $2.90 but remains capped below $3.00.

Ripple and Gemini’s launch of an XRP credit card with WebBank — offering up to 4% cashback on spending and 10% at select merchants — has yet to shift sentiment. Technicals show resistance at $2.96 and support at $2.84, with RSI recovering from oversold levels. Traders are watching whether institutional bids can defend $2.90; upside targets sit at $3.20–$3.30, while a break below $2.84 risks $2.80.