XRP has faced notable fluctuations in value, dropping about 3.2% from $3.01 to $2.91 during the trading session of August 25-26. This decline was largely attributed to significant institutional sell-offs, with a spike in trading volumes noted.

Attempts to recover towards the $2.90 mark were made, yet uncertainties persist regarding XRP’s capability to maintain its upward trend.

Recent Developments

• XRP volatility persists, continuously challenging the $3.00 resistance.
• Institutional activity has significantly impacted short-term movements, influencing retail trading practices.
• Gemini has announced the introduction of a credit card linked to XRP, designed to offer cashback incentives, despite ongoing regulatory hurdles hindering progress in the U.S.

The card is expected to provide up to 4% cashback in XRP on various purchases, including fuel and dining, while additional collaborations with merchants could yield up to 10% cashback offers.

Price Overview

• XRP’s latest trading data captures a 3.24% decrease within a 24-hour span, with persistent volatility observed.
• Noteworthy trading occurred at peak selling times, indicating heavy market activity.
• Traders remain mixed, with some targeting a rebound to $3.70 while others caution against potential declines towards $2.80.