With rising pro-crypto sentiment in the U.S., Dogecoin’s price has surged over 42% on its year-to-date chart. Upcoming DOGE ETF approval by U.S regulators has also triggered a rise in bullish sentiment, with Dogecoin’s network activity reaching highs of 47% in a month.
XRP’s price is also gearing up for an explosive rally despite several years of battling legal cases with regulators. While XRP and Dogecoin prices are promising, analysts and traders are looking at Remittix’s RTX, which could surge over 3,000% on launch, according to analysts. RTX is in presale mode and is priced at $0.0781.
Dogecoin’s price is on the verge of a breakout
At a price of $0.24, Dogecoin is on track to break out past the $0.25 resistance zone now that the $0.22 area has been flipped from resistance to support.
With this newfound upward momentum, Dogecoin’s price is eyeing the $0.27 level, which aligns with the Fibonacci Retracement zone of 0.5.
Dogecoin’s breakout from a prolonged falling wedge that started early this year saw the leading meme coin fall to lows of $0.13. In the last month, Dogecoin’s price has surged 45%, adding to a bi-weekly uptick of 29%.
Image Source: Trading View
At a closer look, Dogecoin’s price is gearing up for a meteoric rally now that it has pierced through resistance and is well on its way towards $0.29.
Image Source: Coinmarketcap
On some days, Dogecoin’s price has seen holders fetch over $36 million in 24 hours, with reports showing increased interest from both retail and institutional buyers.
The launch of XRP Futures triggers a rally in XRP’s price
XRP’s price has been up 15% in the last month, and analysts are forecasting highs of $20 per XRP if regulatory clarity is achieved by July of this year. XRP’s price is currently consolidating above the $1.9 support. If the breakout in XRP’s price from the prolonged correction received more support from the bulls, an uptick past $3 would be imminent.
Image Source: coingecko
In terms of regulation, while Ripple’s settlement plea with the SEC was rejected by District Court Judge Analisa Torres, prominent attorneys confirmed that Ripple’s wins are still intact.
Behind the scenes, XRP’s institutional adoption is on the rise, with examples including CME Group’s launch of XRP futures as well as Bank of America’s adoption of XRP’s ledger.
Remittix’s RTX set to rival XRP’s price rally on launch
While Dogecoin’s price reignites the meme coin space and XRP’s price prepares to breach $3, a newcomer in cross-border payments is shaking up the market. Remittix is a PayFi protocol on the verge of reinventing cross-border payments. This XRP rival boasts a platform that allows crypto holders to send funds directly from their crypto wallet to the recipient’s bank account.
The recipient never has to know how to operate a wallet, let alone know that the transaction started out from a crypto wallet. At its core, Remittix simplifies the process, making it easily adaptable for retail users unaware of crypto.
Businesses are also empowered to receive crypto payments from customers, making Remittix a one-stop shop for cross-border payments. With over $15.2 million raised in the ongoing presale, now is the best time to jump in.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
