The XRP price appears to have stalled in the $2 zone, making little progress as the bears keep it below the $2.5 resistance.
This stagnant price action comes amid increased competition from a new global payment network, Remittix (RTX), which is tipped to end XRP’s dominance in the massive cross-border payment market.
Let’s find out why investors are stockpiling this new altcoin like there’s no tomorrow.
Remittix braces to disrupt cross-border payments
Ripple’s XRP focuses on bringing faster and cheaper cross-border payment solutions to large financial giants like banks, leaving the average consumer hanging in the balance. Remittix is coming in to close this critical gap.
Source: Remittix Website
This Ethereum dApp features a cutting-edge crypto-to-fiat payment network that connects cryptocurrencies to traditional financial systems worldwide, allowing regular crypto holders and small business owners to undertake seamless cross-border payments.
By connecting their wallet to the Remittix dApp, users can send/receive fiat payments to bank accounts using 50+ crypto assets and over 30 currencies. Unlike bank wires that take 2-3 business days at high fees, RTX transactions have same-day settlement at a flat fee, eliminating the delays and extra FX and wire fees levied by intermediaries.
Remittix’s innovative strategy to weave the speed of crypto and the convenience of fiat in a single platform has sparked insane investor interest, with top crypto experts predicting that RTX will disrupt the $190 trillion cross-border settlements and remittance economy.
Controlling even 1% of this market would be enough to push the RTX market cap into the XRP’s league, sparking a stratospheric 100x upsurge for the token price.
XRP Price stagnates in the $2 zone
After surging to $3.4 in January, the XRP price has experienced a deep pullback, sinking to the $1.6 zone at the start of April. However, investors jumped in at the dip, pushing XRP over 15% in the past month to above $2.
Source: CoinMarketCap
But after this impressive recovery, the XRP price appears to have stalled. Recently, XRP has been circling a narrow band between $2.1-$2.4, raising concerns about its ability to break the $2.5 resistance zone and push upwards.
Will XRP smash its ATH this year?
Ripple’s XRP has an ATH of $3.8, which was printed in 2018. To smash this mark, XRP must pull a 65% upsurge from current rates. The good news is that there a strong bullish catalysts stirring the XRP pot.
Recently, the SEC filed for a $50 million settlement with Ripple, ending the Ripple-SEC legal battle that has been running for years. This could trigger a bullish breakout for XRP, driven by investors’ confidence and increased institutional interest.
Adding to the Ripple’s legal triumph is the likelihood of a Spot XRP ETF, whose approval odds stand above 75% on Polymarketcap. Standard Chartered has projected that a U.S.-based XRP ETF could attract massive inflows to the tune of $8.3 billion, sparking a bullish momentum for the XRP price.
XRP whales are diversifying into RTX
Even if XRP smashes its ATH, that would only be a meager return. That’s why smart money investors seeking gigantic yield are buying into RTX, which is predicted to pull a potential 10,000% upsurge as its cross-border payments solution takes root.
Investors are advised to check out this low-cap crypto gem and load up at the current price floor of $0.0757 before the price rockets to $0.781 in the next presale phase.
Discover the exciting opportunities of the Remittix (RTX) presale today!
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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