A double top pattern emerged last month on XRP’s chart, and so, traders are on alert as they are asking: Is the rally running out of steam?
Technical analysts now see a double top pattern forming around $3.60; a notorious signal that often precedes a pullback. XRP price tested that level once, dipped, and was recently rejected again, fueling bearish speculation. Commonly, this setup warns that bulls may be running out of steam.
On shorter-term charts, analysts also spot resistance forming around $3.60. While the broader trend may still hold, these failed rallies suggest caution ahead.
XRP Whales Hit Pause: From Accumulation to Distribution
Recent on-chain data reveals that major XRP holders have begun redistributing tokens, echoing the sell-offs seen earlier this year. Disappointed bull runs and market uncertainty appear to be shifting whale behavior.
In stark contrast, only months ago, whales were stacking XRP by the billions, highlighting a shift from buying to profit-taking.
What’s driving the shift in XRP’s price?
- Chart fatigue at $3.60 resistance: The double top is a warning that upside may be capped, for now.
- Profit realization from whales: Those who piled in lower are now pulling profits ahead of potential correction.
- Waning altcoin optimism: Recent drop in XRP price mirrors broader market weakness, as regulators drag their feet on ETFs.
Where Remittix (RTX) Fits Into the Picture
While XRP faces technical headwinds, a growing number of investors are turning toward utility-based alternatives like Remittix (RTX). Built for real-world crypto-to-fiat remittances, Remittix is gaining attention, especially as meme-driven tokens and older payment rails show signs of exhaustion.
Remittix highlights:
- Provides fast, low-fee worldwide transfers in top developing countries
- Recently passed a CertiK audit
- Raised over $18.3 million in funding, plus an ongoing massive crypto giveaway
- Beta wallet is launching soon, offering real utility beyond speculation
Investors seeking sustainable returns are shifting their focus, moving away from established projects like XRP to potential gems like RTX.
Also, RTX is still early, with room for 20×, 50×, or more, if adoption scales.
Summary of Sentiment Shifts
| Topic | XRP | Remittix (RTX) |
| Current Setup | Bearish double top at $3.60 | Rising interest amid product rollout |
| Whale Activity | From accumulation → distribution | Building (early-stage gains) |
| Investor Focus | Watching charts/tech signals | Utility and adoption growth |
XRP’s technicals, especially the forming double top and retreating whale support, suggest caution for traders expecting another breakout. Meanwhile, Remittix is becoming a natural hedge, appealing to investors prioritizing infrastructure, adoption, and long-term viability.
If you’re thinking bullish, consider looking beyond old guard tokens and evaluating those with actual built-in use cases.
Discover the future of PayFi with Remittix by checking out the project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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Maisie is an experienced Crypto & Financial news journalist, having written for Moneycheck.com, Blockonomi.com, Computing.net and is Editor in Chief at Blockfresh.com
