XRP Price Jumps 2% As Ripple Gemini Credit Deal Highlights Its Expanding Financial Ambitions

The XRP price has surged 2% in the last 24 hours, to trade at $3.01, on a 66.17% increase in the daily trading volume, to $6.73 billion.

XRP On-Chain Trends Point to Mixed Sentiment

The XRP price increase comes after Gemini’s IPO filing revealed a credit agreement with Ripple that lets the exchange borrow at least $5 million per request, up to $75 million, with a total ceiling of $150 million. Once the initial limit is reached, Gemini can also request loans in Ripple’s planned USD stablecoin, subject to Ripple’s approval.

The deal highlights Ripple’s strategy of building a full financial stack around XRP, combining lending, payments, stablecoins, and settlement in a model resembling traditional financial conglomerates. The Gemini filing offers a rare glimpse into how Ripple executes this broader vision.

XRP On-Chain Data Shows Long-Term Strength

Despite Ripple’s strong business moves, the XRP price has not shown a clear direction. Volume is rising, which shows traders are watching closely. On-chain activity offers important clues. The number of active addresses is still solid, indicating users are sticking around. This keeps long-term sentiment constructive. 

However, recent data shows a slight rise in XRP moving onto exchanges. Such moves often signal profit-taking as some holders lock in their gains.

Over 80% of XRP wallets are still in profit. This is healthy from an investor perspective. Yet, whenever most holders are green, some tend to sell, which can create resistance for further price rises. 

Meanwhile, on-chain indicators like transaction value have remained stable. This points to ongoing interest but also caution. Santiment data reflects some mixed signals, long-term confidence, but signs of short-term uncertainty.

Investors are weighing Ripple’s growing utility against short-term market moves. Some believe new deals and partnerships could attract institutions and large buyers in the coming months. Others are watching if recent profit-taking could trigger a deeper sell-off. For now, sentiment stays uncertain, with more eyes on Ripple’s next steps than ever before.

XRP Price Stuck Below Key Resistance, Range-Bound Pattern Dominates

XRP price is having trouble breaking free from key limits. The chart tells the story plainly. Since reaching local highs near $3.66, XRP has moved sideways. Bounces between $3.05 and $2.94 have kept the coin in a narrow range. 

It flatlined just above its 50-day simple moving average (SMA) at $3.05. Every dip gets picked up by buyers near the short-term support of $2.94, keeping the price stable but capped.

Below current levels, the 200-day SMA at $2.47 offers deeper support if bearish trends return. Momentum indicators show the mood. RSI sits close to neutral at 48.62, meaning neither buyers nor sellers are winning right now. 

XRPUSDT Analysis Source: Tradingview

The MACD hovers just below zero, saying the trend is sideways. The ADX at 17.56 is low, another sign of a weak trend.

To push higher, XRP needs to crack resistance at $3.66. Until then, price action will likely stay range-bound. In case of a breakdown, expect a fast test of $2.47 support. If bulls take control and break above $3.66, we could see fresh momentum for the XRP price.