Ethereum Trading Volume Spike May Reflect Derivatives Pressure as Gemini Launches XRP Card and Shiba Inu Forms Mini-Golden Cross

• Gemini XRP card announcement

• Shiba Inu forms a mini-golden cross on the daily chart despite recent losses

• Ethereum posts >$80B 24h trading volume with derivatives dominating open interest (~$291.6B)

Gemini XRP card: Gemini launches an XRP rewards card on Aug. 19 — read the update and market reaction. Stay informed with COINOTAG.

By COINOTAG — Published: 2025-08-19 | Updated: 2025-08-22

What is the Gemini XRP card launch?

Gemini XRP card refers to a new rewards card product Gemini unveiled publicly on Aug. 19, promoted via Manhattan billboards and social posts. The card offers XRP-branded rewards and has drawn mixed reactions from the crypto community, with some holders optimistic and some Bitcoin-focused users critical.

How did Gemini promote the XRP-themed card and what was the community response?

Gemini placed billboards in a busy Manhattan commercial district and teased the “next era” of XRP rewards on social channels. Media outlets, including COINOTAG, highlighted the reveal. Community feedback split: XRP supporters welcomed the product while some Bitcoin-centric users criticized the exchange’s marketing choice.

How is the Shiba Inu mini-golden cross forming and what does it mean?

Shiba Inu mini-golden cross is forming as the 50-day EMA crosses above the 100-day EMA on the daily chart, a shorter-interval variant of the classic golden cross. This setup suggests improving short-to-medium-term momentum even while the price remains under resistance.

What are the technical details and current price action for SHIB?

SHIB is trading around $0.0000124 after failing resistance in the $0.000013–$0.000014 range. The mini-golden cross signals a potential momentum shift but historically is a weaker bullish indicator than the 50/200 crossover. Traders should weigh the EMA crossover against the prevailing down-channel and lower highs.

Why did Ethereum trading volume explode and how dominant are derivatives?

Ethereum trading volume exceeded $80 billion in 24 hours, driven primarily by derivatives activity and elevated open interest. Reported metrics show total ETH derivatives open interest around $291,600,000,000, with major platforms accounting for multi-billion-dollar portions of that exposure.

What are the price implications and where is resistance for ETH?

ETH rebounded sharply near $4,280 after a pullback from ~$4,800. Key resistance sits in the $4,500–$4,800 range; a decisive breakout could spur a move toward the $5,000 psychological level. Futures open interest rose by approximately +1.42% over the last 24 hours despite slight perpetual contract declines.

Frequently Asked Questions

When will the Gemini XRP card be available to users?

Gemini slated the XRP rewards card release for Aug. 19, with promotions visible in Manhattan; exact rollout details and regional availability will be confirmed by Gemini through its official channels.

Is the mini-golden cross a reliable buy signal for SHIB?

While a mini-golden cross suggests improved momentum, it is less reliable than a 50/200 crossover. Traders should combine the signal with volume, support/resistance, and risk management before entering positions.

Is the ETH volume spike driven by spot or derivatives?

The volume surge is primarily derivatives-driven, supported by a large open interest pool (~$291.6B). This indicates concentrated speculative positioning rather than purely spot-led inflows.

Summary table: Key metrics

Key Takeaways

• Gemini XRP card launch: Gemini publicly promoted an XRP rewards card on Aug. 19, prompting diverse community reactions.
• SHIB technical signal: A mini-golden cross on SHIB’s daily chart indicates improving momentum but requires confirmation from price action.
• ETH market dynamics: Ethereum’s >$80B 24h volume and ~$291.6B derivatives open interest highlight derivatives-led market activity and concentrated positioning.

Conclusion

This update consolidates three near-term market developments: the Gemini XRP card reveal, a technical setup in Shiba Inu suggesting limited bullish potential, and an Ethereum trading-volume surge dominated by derivatives. For traders and investors, prioritize risk management and watch for confirmations around the identified resistance and support levels. Follow COINOTAG for timely updates and data-driven coverage.