XRP Price Pegged at $1.50 as Gemini Unleashes Asia Catalyst

XRP price is currently trading at around $1.50 amid fresh infrastructure news from Singapore. Gemini has enabled XRP deposits and withdrawals over the XRP Ledger for its Singapore customers, allowing users to move XRP between Gemini accounts and external XRPL addresses.

This development follows a week of renewed spot ETF inflows that have pushed XRP's price up nearly 50% in seven days. However, the market is now overbought, with an RSI reading near 87, which historically precedes a cooling-off period.

The key support level sits at $1.48, tied to the 23.6% Fibonacci retracement, while a resistance band waits at $1.65-$1.70. If XRP can hold above $1.52, it has a credible shot at retesting these higher levels.