- Gemini justified the XRP focus by citing the token’s past performance, where rewards grew substantially due to price appreciation.
- The card aims to let users display loyalty to XRP while simplifying crypto adoption through practical spending incentives.
Gemini, a US-based cryptocurrency exchange, has officially released its XRP-branded credit card. The product offers tiered cashback rewards for cardholders. Users can earn 4% back on fuel, electric vehicle charging, and public transit costs.
Meet the Gemini Credit Card, XRP edition.
Designed for enthusiasts, this limited edition metal card gives up to 4% back in XRP instantly. No waiting, just stacking.
Available now 👀 pic.twitter.com/KU1bX7NvDS
— Gemini (@Gemini) August 25, 2025
The card provides 3% cashback on dining purchases and 2% on groceries. All other transactions will receive 1% cashback.
However, the announcement received a muted response from many within the XRP community. Some members expressed disappointment, noting the offering resembles Gemini’s existing card but features XRP branding. Social media responses indicated that users expected more substantial innovation rather than primarily cosmetic changes.
So basically the same product you ALREADY HAVE … but with a little “X” on it 🤦🏻♂️ Jeez…
— TheXRPDon (@DonnieSEvans) August 25, 2025
The exchange, operated by Cameron and Tyler Winklevoss, initially announced XRP rewards in March 2025. That program allowed users to earn up to 4% cashback in XRP. Many clients already use the platform’s standard card, which made the new announcement feel repetitive to some observers.
Gemini explained its decision to create an XRP-specific card in a recent blog post. The exchange cited XRP’s substantial price appreciation over the past year as a determining factor. According to their example, $73,700 in rewards would have grown to approximately $407,000 based on XRP’s market performance.
XRP Futures Market Shows Divergent Signals Amid Price Volatility
XRP experienced a sharp price increase in early August, moving from below $1.00 to over $3.00. This upward movement coincided with a substantial rise in open interest, which exceeded $10 billion. The elevated open interest indicates that traders opened new leveraged positions during this period.
Futures market data reveals that short positions consistently outnumbered long positions throughout most of the 30-day period. The only exception occurred on August 6, when the long/short ratio briefly reached 1.06. This temporary shift reflected a momentary dominance of long positions, suggesting some traders anticipated further price gains.
By August 24, the long/short ratio had declined below 0.90, indicating renewed bearish positioning. Between August 14 and August 22, the ratio remained near 1.00, showing balanced market sentiment without clear directional bias.
Recent price action shows XRP declining from $3.30 to below $2.90. Despite this price decrease, open interest remains relatively high. This divergence suggests that many traders maintain their positions despite current market conditions. Some market participants may expect renewed volatility or potential price reversals.
