Gemini Launches 100x Perpetuals in the EU as Price Holds Above $2.30: $2.65 Next? Brenda Mary | usagoldmines.com

TLDR:

• Gemini launched XRP perpetuals in the EU, offering up to 100x leverage and no expiry date.
• XRP trades around $2.31 after a weekly decline of more than 10%.
• Traders eye resistance near $2.65 as Gemini’s new listing boosts market attention.
• The move strengthens Gemini’s European presence amid growing demand for leveraged crypto products

Gemini has opened XRP perpetual trading to users across the European Union, marking a major expansion of its derivatives offerings. 

The exchange confirmed that customers can now open long or short positions on XRP with leverage of up to 100x. The new product carries no expiry date, allowing traders to manage exposure without rolling contracts each month.

The exchange described XRP perpetuals as a tool for investors seeking advanced strategies in a secure and regulated environment. It also supports cross-collateral and settles all trades in USDC, giving users more flexibility while managing leveraged positions. 

Gemini said the product integrates with its broader perpetual trading system, which supports multiple crypto pairs.

Per Gemini’s announcement, the rollout comes as part of a larger effort to strengthen its European derivatives market. 

The exchange continues to build a foothold among professional traders looking for institutional-grade products. This move also reinforces Gemini’s regulatory commitment as it competes with rivals offering high-leverage products.

XRP’s addition to the platform reflects growing demand for leveraged crypto trading, especially within the EU’s changing digital asset framework. Gemini’s expansion could attract new traders seeking higher exposure to top-tier cryptocurrencies under a compliant setup.

XRP Price Holds Above $2.30 After Rejection Near Resistance

XRP’s price hovered around $2.31 at press time, according to CoinGecko. The token rose 3.49% in the past 24 hours but remains down 10.52% over the last week. 

Traders say the market attempted to break through resistance but failed, causing XRP to form lower lows. Analysts believe a push above $2.65 could renew buying pressure toward the $2.75 level.

According to technical updates from Crypto VIP Signal, XRP now trades within a tight consolidation zone after last week’s pullback. 

Traders appear cautious, balancing the short-term losses with broader interest driven by new derivatives listings. The $2.00 support range remains crucial for maintaining the token’s short-term uptrend.

Market watchers suggest that Gemini’s new perpetuals could influence trading activity as EU users gain access to leveraged XRP exposure. A spike in futures volume could affect spot market movements if traders start using leverage to hedge or amplify bets. 

The coming weeks may test whether XRP can regain momentum under this expanded market access.

For now, XRP remains a closely watched asset as new trading options reshape its liquidity profile across exchanges.

The post Gemini Launches 100x Perpetuals in the EU as Price Holds Above $2.30: $2.65 Next? appeared first on Blockonomi.

This articles is written by : Nermeen Nabil Khear Abdelmalak

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