Amid the overall market slump, XRP has dropped to $2.91 today, but Gemini's launch of a Mastercard related to cryptocurrency yesterday boosted XRP's long-term price prediction.
Despite this positive news, XRP has still fallen 3% in a week and 8.5% in the past month, although altcoins have seen an impressive increase of 385% over the past year.
This gain is achieved due to a significant improvement in XRP's fundamental position, further propelled by the launch of the Gemini new card, which offers cash back in XRP.
Combined with the possibility of XRP ETFs being approved later this year, altcoins could set serious new highs by 2026.
XRP Price Prediction: Mastercard Large-Scale Transactions Begin – Now Starting to Rebound to $10
Gemini announced the launch yesterday, revealing that its new card will earn holders XRP for every purchase, with transportation-related purchases (like gasoline and electric vehicle charging) earning 4% cash back, dining earning 3% cash back, and groceries earning 2% cash back.
In terms of XRP adoption, this is bullish, although some commentators have examined the terms and conditions and found that interest rates above 1% only apply to the first $300 spent monthly with the card.
Even so, this launch has increased interest in XRP, which has attracted more demand in recent months, especially from institutions.
In fact, the XRP fund has attracted $1.26 billion in inflows so far this year, surpassing all other tokens except BTC and ETH.
If we look at the XRP price chart today, we might find that it is close to bottoming out and rebounding.
Particularly interesting is the relative strength index (RSI) of the token (yellow), which has fallen below 50 and may drop to 30.
Meanwhile, the MACD is entering the negative territory, which is likely a precursor to recovery.
More bullishly, the XRP price has formed a bullish flag in the past month and may experience significant volatility.
Given the adoption news such as the Gemini new card, along with the possibility of seeing more than 10 XRP ETFs in the coming months, XRP prices may continue to rise in the medium to long term.
By the end of this year, it is expected to reach $5 and may reach $2026 in the mid-term of 10 years.
