Several top altcoins were pushed back by increased sell volume, which led to additional losses of traders in the closing trading session yesterday. Since then, Bitcoin has fallen to around $83k and XRP has dropped below the psychological $2 level. The fear of a steep XRP decline has gripped investors since there is a high chance its trajectory will likely see a free fall.
But, while the market continues to struggle, there is a new runner doing the right numbers and gaining ground in the trenches Remittix (RTX). This new PayFi project will introduce direct crypto-to-fiat to users, a scarce trading feature in the DeFi space. Experts believe this innovative solution and other unique DeFi offerings within its ecosystem would be enough to thrive in today’s market. Today, we will examine the XRP price prediction and weigh the robust DeFi capabilities of Remittix against that of Ripple.
XRP Price Prediction
XRP is arguably the biggest payment network in the market. However its recent performance and protracted period in the red zone have left investors restless, on the edge of their seats. Several market participants are still fatigued mentally from the lack of upside momentum of the post-SEC-case. The company’s CEO confirmed the lawsuit had been dropped on X and that generated a short-lived buzz. The failed “sell the news” strategy frustrated short traders who expected sustained momentum.
To further complicate matters, investors’ confidence took a hit from the unexpected announcement of new tariffs by President Donald Trump. Prior to the shocking Liberation Day chatter, market participants had believed the tariffs would be eased which would be of advantage to crypto. However, the market took a bearish turn after the official announcement of a 10% levy on all imports and 25% on foreign automobiles was made. At the time of writing, XRP hovers above the $2.0 price level, down by 7.5% over the past 24 hours, reflecting the weakness of the broader market.
According to analysts, a slip beyond the psychological 2.0 mark is more than likely. They believe buyers are mentally exhausted from the new tariff policy and sellers will retain huge influence over the market in the near term. Thus, they conclude that XRP will see a downward push into the $1.90 – $1.79 support zone. Moreover, technical signals such as the MACD (Moving Average Convergence Divergence) confirms the coin is losing momentum and is heading deeper into bearish territory.
Big Market Players Are Betting On Remittix
Compared to XRP, Remittix (RTX) might be a new runner in the payment industry, however, its innovation gives it competitive edge over the established payment network. Remititx introduces direct crypto-to-crypto as a DeFi offering within its ecosystem.
The introduction of this solution will take cross-border payments to new heights. To implement this, RTX combines blockchain technology with typical banking infrastructure.
Remittix reinvents cross-border payments, eliminating the financial intermediaries in transfer blocks. These middlemen are responsible for the long waiting days and excessive transfer costs that have plagued users and businesses over the past decade.
Being able to use your crypto holdings like Bitcoin, Ethereum and others to make an instant deposit in the local fiat bank recipient at zero cost is unlike any solution the market has ever seen a PayFi Revolution!
As short and long traders exit positions on XRP, market metrics show that large financial institutions are accumulating RTX in their large pockets. These big market players are betting on Remittix’s long-term potential in what they see as the future of payment networks.
Interestingly, the presale is still open and investors like you can join the Remittix train. RTX tokens sell at $0.0734 apiece, an attractive entry point for early investors.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
