XRP’s recent surge has caused a stir in the crypto community, grabbing the attention of Gemini, a prominent US exchange. Yesterday, XRP reached a significant milestone by skyrocketing nearly 20%, reaching $0.6366 for the first time since April. This marks a remarkable 60% growth since the bearish trend reversed in July. Although XRP has since corrected some of its gains and is currently stabilizing around $0.5823, it remains the best-performing cryptocurrency among the top 10 assets in the past week.
Previously, XRP struggled to keep up with the crypto bull market, lagging behind 80 other assets in Q1 and Q2. However, its unexpected turnaround has sparked significant excitement in the community, with many believers convinced that XRP will not miss out on this bull season.
The excitement surrounding XRP even caught the attention of Gemini. In a recent post by pro-XRP crypto pundit Alex Cobb, community members were asked for their perception of XRP’s comeback. While some critics expressed indifference, Gemini surprised everyone by responding to the conversation and explicitly expressing their excitement about XRP.
Gemini’s enthusiasm for XRP was evident in an earlier tweet celebrating its impressive 30% gains over the past seven days. They accompanied the tweet with a video depicting XRP “going to the moon” and added a passionate message, “Rise and vibe, XRP fam,” further fueling the bullish sentiment around the cryptocurrency.
It’s worth noting that Gemini listed XRP for the first time in August 2023, following the lawsuit victory that confirmed XRP is not a security. Since then, the exchange has consistently shown its excitement for XRP. In fact, when announcing the listing, Gemini even took a jab at the SEC and its chairman.
Gemini has also been actively promoting XRP through various campaigns. They launched a promotion allowing users to earn XRP rewards on everyday purchases made with their Gemini Credit Card. This campaign followed “The XRP Faucet,” which rewarded users with 20 XRP daily for a week.
It’s important to note that this article is for informational purposes only and should not be considered financial advice. The opinions expressed in this article are solely those of the author and do not reflect the views of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions. The Crypto Basic assumes no responsibility for any financial losses incurred.
