Overview
- Gemini’s new XRP perpetual contracts are live for EU users with up to 100x leverage and no expiry.
- Trades settle in USDC, support cross-collateral, and plug into Gemini’s existing perpetuals infrastructure.
- Gemini frames the launch as a push to build its European derivatives presence for institutional-grade users.
- XRP traded near $2.31 at publication, up about 3.5% on the day but down roughly 10.5% over the week, per CoinGecko.
- Analysts cite resistance around $2.65 and key support near $2.00, with price action consolidating as markets assess potential volume shifts from leveraged flows.