XRP continues to generate a sensation within the crypto community, fueled by its recent upsurge, which has even caught the attention of prominent U.S. exchange Gemini.
Yesterday, XRP achieved a significant milestone, shattering a three-month high with a near 20% price surge. In particular, it briefly reached $0.6366 for the first time since April. The price point marked an over 60% growth since the bearish trend reversed on July 5.
Notably, XRP has since corrected some of its gains, stabilizing around $0.5823 at the time of writing. Yet, it remains the top-performing cryptocurrency among the top 10 assets over the past week.
Before now, XRP significantly lagged in the crypto bull market, being outperformed by 80 other assets among the top 100 in Q1 and Q2. As a result, XRP’s latest unexpected turnaround has generated significant buzz in the community, making proponents increasingly convinced that it will not miss this bull season.
Gemini Excited about XRP
In a recent post on X, pro-XRP crypto pundit Alex Cobb asked community members how they now perceive XRP amid its comeback. The responses were filled with bullish commentary, although some critics expressed indifference.
In a surprising twist, the Gemini exchange responded to the conversation, explicitly stating its excitement about XRP. This sentiment from the American exchange caught enthusiasts off guard.
xcited
— Gemini (@Gemini) July 17, 2024
Gemini Sees XRP Going to the Moon
In an earlier tweet, Gemini celebrated XRP’s impressive 7-day gains of 30%, accompanied by a video that depicting XRP “to the moon.” The exchange added the enthusiastic message, “Rise and vibe, XRP fam,” amplifying the bullish sentiment surrounding the cryptocurrency.
Rise and vibe XRP fam ✨
+30% in 7 days 📈 pic.twitter.com/gVe3KLvsHh
— Gemini (@Gemini) July 17, 2024
Notably, Gemini listed XRP for the first time in August 2023 following the lawsuit victory that XRP is not a security. Since then, the exchange has continuously been “xcited” about XRP.
Interestingly, Gemini even took a jab at the SEC and its chairman in a tape announcing its listing of XRP.
Following the August listing, Gemini orchestrated various promotional activities to drive awareness for XRP. For instance, the exchange launched a promotion allowing users to earn XRP rewards on everyday purchases made with their Gemini Credit Card.
The campaign followed one called “The XRP Faucet,” which offered users 20 XRP daily for a week.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
