Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has ignited a firestorm of speculation with a series of mysterious tweets hinting at the imminent inclusion of Ripple’s native token, XRP, on its trading platform.
This unexpected move has sparked curiosity among the coin’s enthusiasts, with many questioning the sudden change in attitude towards Ripple’s cryptocurrency by Gemini. Some members of the community noted that Gemini had not shown much interest in XRP for several years, leading to speculation that the recent decision to list the token may be linked to Ripple’s legal victory against the U.S. Securities and Exchange Commission (SEC).
Furthermore, the recent approval granted to Gemini to launch in France has added another layer to the speculation. This approval opens up the European market for Gemini, and some wonder if Ripple’s token will be the first cryptocurrency available to French customers on the platform.
The community has also begun speculating about the possibility of a future XRP exchange-traded fund (ETF), given Gemini’s public focus on XRP in their tweets. Discussions are ongoing regarding the potential implications and reasons behind Gemini’s sudden interest in the cryptocurrency.
XRP Price Response
Despite these developments’ excitement, the XRP price has not experienced any significant movements. Currently trading at $0.53671, the cryptocurrency faces downward pressure in both daily and weekly charts. Over the last 24 hours, it has seen a 3.05% decrease, and the weekly chart indicates a nearly 7% decline.
Notably, Twitter user BarriC, recognized as an expert, remains optimistic about the future. BarriC predicts a swift market recovery and outlines two potential targets for XRP once it regains momentum: the first all-time high (ATH) from 2018 at $3.80 and the second ATH that eluded XRP in 2021 due to the Ripple lawsuit, with an estimated range of $5 to $6.
BarriC asserts that once the cryptocurrency surpasses the $3.80 mark, there will be no more ceiling, and the cryptocurrency is poised for an exponential surge. Predicting future values, BarriC confidently states that debates over the token reaching $0.30 or just hitting $1 will become irrelevant when it is trading at $100 and will be a distant memory when the price reaches $1,000.
Related Reading | Sri Lanka Sounds Alarm On Cryptocurrency Risks Amid Rising Investments