XRP Price Forecast: XRP Declines as Gemini Surpasses Coinbase in App Store Following XRP Credit Card Release with Ripple Labs

XRP Price Movement: XRP's price has decreased by 1.5% to $2.90, with a notable drop in daily trading volume of 7.7%, despite the launch of an XRP-backed Mastercard in partnership with Gemini.

Gemini's Market Position: The new credit card has propelled Gemini ahead of Coinbase in app store downloads, reaching 16th place compared to Coinbase's 20th, although Coinbase still processes significantly more trades.

Investor Sentiment: On-chain data indicates mixed feelings among investors, with increased wallet activity and large transfers to exchanges suggesting some are cashing out profits while others engage with the network.

Technical Analysis: XRP shows potential for a bullish reversal, maintaining support above $2.50, with traders eyeing the $3.50 resistance level as a key target for further upward movement.