It is on Wikipedia's "List of Ethnic Slurs" and I remember it suddenly being kind of a big deal out of nowhere in the mid 2010's (not it being on the list, just in general on the corners of the internet I inhabited at the time). Like, my wife watched a lot of Kathleen Lights videos on YouTube at the time, and she had a sign in her background that said something like "gypsy soul" and she got backlash from her viewers.

I don't know that anybody in my daily life even now, here in Metro Detroit, considers it one or uses it as one. I know I don't use it anymore, really besides this comment chain. There are tons of immigrants from all over around here, I definitely don't want to offend anyone. I will hear it from time to time, in a general way to refer to people who are or want to be kind of nomads. Like, a positive thing. Idk, I still don't say it anymore.