XRP‘s victory against the US SEC has been one of the crypto market’s monumental events this year. But despite the win and a $50 million settlement, XRP has failed to rally. Analysts’ optimistic XRP price prediction paints a hopeful picture, especially since the token is in a deep accumulation zone.
Many investors still wonder why XRP has continued wobbling around the psychological $2.0 level. Well, savvy investors are already diversifying with the new XRP alternative, Remittix. The crypto-to-fiat PayFi solution has garnered attention for its multi-million ongoing presale success and real-world utility. Read on to learn more.
XRP price prediction: Bulls remain focused on potential rally despite market manipulation
Following its recent SEC agreement, the XRP price has shown mixed signals. A pseudonymous analysis pointed out the intricate dynamics of networks with a negative correlation between transaction patterns and price, which incited suspicions about market manipulation. This manipulation is happening amid the significant strides made by Ripple Labs in May.
Notably, Ripple’s acquisition of Hidden Road for $1.25 billion and decreasing escrow balances ignited excitement among investors. The institutional win came after the XRP-backed investment ETF products netted $37.7 million in inflows, while whales accumulated up to $1.8 billion in XRP.
While these pushed the XRP price 17% MoM, the token has failed to breach any crucial resistance level, still languishing at the lower end of the $2 region.
Despite the lackluster performance, the latest XRP price predictions suggest a bullish rally soon. Analysts like Ali Martinez have spotted a bullish symmetrical triangle in XRP‘s latest price action with a bold target of $15.
Remittix: PayFi token steals the spotlight in the global remittance sector
While XRP slows down, its cross-border remittance alternative, Remittix, is picking up pace in performance and utility. Remittix focuses on bridging crypto and fiat for cross-border transfers, slashing high wire fees that plague freelancers, families, and small businesses worldwide. Remittix makes fiat transactions easier, faster, secure, and more cost-efficient; it simply allows users to swap up to 40 crypto assets into fiat instantly before sending them to banks worldwide.
Remittix is even more than XRP 2.0—it offers a comprehensive solution for institutions, enterprises, and businesses. For example, firm owners can create an account and use their Pay API feature to accept crypto payments that can be converted to fiat currency and vice versa. The tech behind Remittix attracts smart investors looking to diversify their XRP holdings.
The sales figures during the presale period indicate that Remittix is attracting growing market interest. About 534 million Remittix tokens have reached the market at attractive low prices, accumulating $14.9 million in presale raise. Remittix’s importance in tackling daily financial needs and revolutionizing the $190 trillion remittance market positions it to mirror XRP‘s stellar performance.
Conclusion
The XRP price prediction remains bullish, thanks to recent ecosystem developments and institutional wins. However, investors looking for parabolic gains may want to consider Remittix’s ingenuity and promising potential. With instant crypto-to-fiat conversion, business-ready APIs, and a clear use case, Remittix positions itself as a powerful alternative to XRP.
Its ongoing presale has already raised close to $15 million, and the price is still at just $0.0757. Analysts have predicted a surge to over $1 on exchange listings. A stitch in time saves nine!
Discover the future of PayFi with Remittix by checking out their presale here:
Website:https://remittix.io/
Socials: https://linktr.ee/remittix
