- Gemini’s cryptic XRP post leaves traders guessing major announcement ahead.
- Ripple’s massive token transfer sparks renewed speculation across XRP markets.
- August launch of Gemini’s XRP credit card boosts community excitement.
Gemini exchange has sparked widespread speculation within the crypto community after sharing a cryptic update that read, “Next week’s looking real XRP coded.” The brief statement quickly stirred excitement among XRP supporters, with many interpreting it as a sign of a potential major announcement involving Ripple or its native token.
The timing of the post added to the intrigue, as Ripple had recently transferred 800 million XRP, valued at about $1.9 billion, from its escrow wallet to an unknown address. While Ripple frequently manages liquidity through such releases, the scale of this transaction and its coincidence with Gemini’s post have fueled assumptions of a coordinated development.
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Growing Speculation Around Ripple and Gemini
The XRP community continues to dissect the meaning behind Gemini’s message. Many observers suggest the exchange might be preparing to unveil a significant XRP-related initiative or deepen its collaboration with Ripple. The phrase “XRP coded” has since gained traction on social media platforms, symbolizing the community’s rising anticipation.
Gemini, which reintroduced XRP trading on its platform in 2023 following the token’s regulatory clearance, has not offered additional context. Traders and analysts are nonetheless monitoring market activity closely, with XRP’s trading volumes showing minor upward movement since the post. The combined effect of Ripple’s escrow movement and Gemini’s cryptic statement has kept investors alert for further updates.
Gemini Introduces XRP Credit Card
Recall that in August, Gemini made a similar cryptic post on X, which eventually resulted in the launch of its XRP credit card in partnership with Ripple, adding a new dimension to its crypto offerings.
Issued by WebBank, the card rewards users in XRP across various spending categories. Customers can earn up to 4% back on transport, 3% on dining, 2% on groceries, and 1% on other purchases, with select merchants offering up to 10% cashback in XRP.
The introduction of the XRP credit card has further fueled discussion that Gemini’s recent post may hint at continued XRP-focused expansion. As the week unfolds, the crypto community remains attentive, awaiting possible confirmation from Gemini or Ripple regarding any forthcoming announcements tied to XRP.
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