XRP Price Predictions from different analysts and market watchers continue to foresee moderate gains ahead. While some analysts believe that Ripple needs a catalyst, spot ETF approval for a price surge, some think otherwise.
The savvy investors say that the launch of an emerging Payfi altcoin, Remittix, would be the catalyst XRP needs.
XRP Price Prediction: Is $5 Possible?
XRP price is gradually recovering after slipping below $3, following the recent market pullback and liquidation. It’s currently trading at $2.35, and investors continue to ask if the XRP price prediction of $5 will still come into play by December.
While the market has been experiencing a series of turbulent waves, XRP should be able to resist the market’s bearish momentum for a little while.
XRP is a payment token that has stood at the forefront of facilitating cross-border payments. The ever-increasing need for payment utility should hedge XRP against market conditions. However, XRP has kept following the market tide, which has left many investors unimpressed.
While many investors believe XRP spot ETF approval is the needed catalyst for a price surge on XRP, market watchers disagree. They believe the emergence of a new Payfi project, Remittix and its unique roadmap, threatening Ripple’s dominance, will catalyse XRP.
Over the past few months, on-chain metrics have continued to report massive selloffs on XRP, and the funds have been diversified into Remittix. They continue to refer to RTX as “XRP 2.0” and consider it the best cryptocurrency to invest in now.
Remittix, The Payfi Threatening Ripples Dominance
While Ripple focuses on institutional-level transactions, Remittix (RTX) targets retail and small business transactions. Remittix is combining local payment networks, DeFi, and blockchain to bridge a $19 trillion payment gap between Web 2 and Web3.
Remittix (RTX) is built on the Ethereum blockchain to provide facilities for cross-border crypto-to-fiat transactions in over 30 countries, supporting more than 40 cryptocurrencies. Users send cryptocurrencies, which are converted using the live FX rate on Remittix’s app and deposited directly into the recipient’s account as fiat.
Remittix highlights:
- A full CertiK audit has been completed; liquidity and team tokens have been locked for a period of three years.
- Users can earn up to 15% referral rewards by sharing the project
- Designed for both crypto natives and non-crypto users, it can be used by business owners, freelancers, and remitters.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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