XRP continues to create a buzz in the crypto community, thanks to its recent surge in value that has even attracted the attention of prominent US exchange Gemini.
Yesterday, XRP reached a significant milestone as its price skyrocketed by nearly 20%, reaching $0.6366 for the first time since April. This marks a growth of over 60% since the bearish trend reversed in July.
Although XRP has since stabilized around $0.5823, it remains the best-performing cryptocurrency among the top 10 assets over the past week.
Previously, XRP had lagged behind in the crypto bull market, being outperformed by 80 other assets in the top 100 during Q1 and Q2. However, its unexpected turnaround has generated significant excitement in the community, leaving supporters increasingly confident that it will thrive in this bull season.
A recent post by pro-XRP crypto pundit Alex Cobb asked community members for their thoughts on XRP’s comeback. The responses were mostly positive, with many expressing bullish sentiments. Interestingly, the Gemini exchange also joined the conversation, expressing its excitement about XRP. This unexpected sentiment from the American exchange caught enthusiasts by surprise.
In a tweet, Gemini celebrated XRP’s impressive 7-day gains of 30% and even shared a video depicting XRP “going to the moon.” The exchange’s enthusiastic message, “Rise and vibe, XRP fam,” further amplified the bullish sentiment surrounding the cryptocurrency.
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 continuously shown excitement about XRP. In fact, they even took a jab at the SEC and its chairman in a video announcing the listing of XRP.
Following the listing, Gemini launched various promotional activities to raise awareness about XRP, including a promotion that allowed users to earn XRP rewards on everyday purchases made with their Gemini Credit Card. They also ran a campaign called “The XRP Faucet,” which offered users 20 XRP daily for a week.
Please note that this content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article are the author’s own and do not reflect the views of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions, and The Crypto Basic is not liable for any financial losses incurred.