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Since the market went on a spin last Wednesday, the XRP price prediction has been on the lips of almost every Ripple news observer. Some commonly asked questions include: Would the coin retest the $3 level before Q3, or would it see more market dumps this quarter? While XRP’s price trajectory has taken a significant interest within the crypto community, a new payment network is raising its head from the market trenches: Remittix (RTX).
Remittix is an innovative PayFi solution that fuses blockchain technology and the infrastructure of local banks to facilitate crypto-to-fiat trades without friction. Experts are betting on Remittix to replicate the successful stint of its ongoing presale and lead a revolution in the payment industry when it officially enters the market. In the article, we will check some Ripple news and investigate the growing interest of retail investors in Remittix.
Ripple News: XRP Tests Key Levels Amid Market Volatility
XRP is testing key levels as the crypto market continues to struggle with price slippage and fluctuations. The asset reclaimed the psychological $2.0 level on Friday after dipping to a low of $1.96 in the closing trading session of the preceding day. At press time, XRP stands at $2.98, with a 24-hour trading volume of 4.91 billion. Over the past day, the asset saw a 2.16% bump, which appears discontinuous from the bearish trend of the larger crypto market.
Several market observers agree with crypto analyst Egrag Crypto, who believes XRP has entered a testing phase. According to him, the asset will hover around the $1.90 to $1.79 levels before a recovery pushes it towards the $2.80 to $3.00 area. Others think XRP could see further declines in the near term, citing that failing to hold at the psychological $2 mark will tilt the tussle in favor of bears.
Furthermore, Ripple‘s recent debut of the RLUSD stablecoin has triggered conflicting opinions on whether the new stablecoin will endanger XRP’s market share in the long term. Investors are unsure if the recently launched RLUSD, which is supposed to improve Ripple’s payment options, will eclipse XRP’s utility. This uncertainty has cast a shadow on XRP‘s long-term potential and diminished hopes of retesting the $3 before the final quarter.
Remittix Could Be the Next Big Thing in Crypto Payments
Remittix is an innovative PayFi solution that fuses blockchain technology and the infrastructure of local banks to facilitate crypto-to-fiat trades without friction. Remittix accomplishes this by eliminating middlemen in international transfer blocks, thereby minimizing delays and significantly reducing transfer charges. With Remittix, users will be able to make cross-border payments without delays and high remittance fees.
Experts argue that, given Remittix’s expected demand and forecasted trillion-dollar market size, this new payment network will stiffly compete with XRP and XLM when it launches. What’s more is that Remittix adopts an easy-to-use interface, making it easy for adopters to interact with the platform easily. Interestingly, the formal team of the project have confirmed plans to get RTX listed on major exchanges this year. Should these listings materialize, Remittix could enjoy true market pumps reaching up to a 100x moonshot before Q4.
The token offering has raised over $14.3+ million from investor crowdfunding by selling 526 million tokens in only a few weeks. Throughout this period, the $RTX price per token has remained below the $0.1 threshold; however, that will not be the case for long when it enters the market. With a 100x surge on the horizon, investors are urged to scoop up $RTX tokens in their portfolios.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
