The crypto market always keeps investors on their toes, but few tokens have garnered as much attention lately as XRP and a fast-rising new DeFi contender, Remittix. XRP’s short-term outlook is murky, with numbers indicating heavyweights raking in millions in profit even as sentiment turns bullish on a possible U.S. crypto reserve. Meanwhile, Remittix has been making headlines by burning through its presale and offering a revolutionary solution to cross-border payments. Here, we unpack XRP’s wild price action and discover why Remittix could be the hedge investors require in a capricious market.
XRP: Gains Despite Profit-Taking
XRP gained on Thursday, despite profit-taking of almost $2 billion this week. Many of these sellings were from coins that had been stationary for 90–180 days, which shows that medium-term holders are selling during the token’s rally.
Whales holding 10–100 million XRP have dumped 260 million tokens in the last 24 hours, which shows the extent of recent distribution.
In spite of the selling, XRP eked out a 4% gain on Thursday despite still-positive sentiment surrounding XRP is possible inclusion in a purported U.S. strategic crypto reserve. Some have speculated that such a development would mark the end to Ripple’s years-long legal battle with the SEC, opening the door to possible XRP ETF approvals from large asset managers such as Bitwise, Grayscale and 21 Shares.
XRP/USDT Daily Chart
Technically, XRP finds it hard to maintain its upward momentum. The token busted above the higher line of a descending channel, with its target being resistance around $2.72 further supported by the 50-day Simple Moving Average.
Liquidations in futures totaled over $13 million during the last day, split between $7.50 million of longs and $5.83 million of shorts.
Assuming XRP manages to hold support in the channel, some experts feel that it could be targeting the $2.95 zone. Otherwise, the risk of sub-$1 levels looms if whales continue to dump their bags.
Remittix: The Cross-Border Payment Platform Making Waves
As XRP fends off profit-takers, Remittix (RTX) has been making waves as it targets a $190 trillion remittance market bogged down by wires and fees. Its presale has broken records, amassing $13.7 million via the sale of more than 516 million tokens.
Its initial investors who bought RTX at $0.0734 have reportedly garnered 1000%-plus returns in spite of a general market downturn.
Remittix’s platform is built on frictionless crypto-to-fiat exchange enabling users to pay any bank account in the world in hours, not days. The platform already supports more than 40 cryptocurrencies and is gaining traction with freelancers, migrant workers and businesses looking for cheaper alternatives to mainstream finance. Remittix leverages local payment networks and blockchain to lower remittance fees and settlement times.
Openness and security are the cornerstones of the system’s credibility. Every transaction is recorded in an open ledger to restrict fraud and manipulation. Moreover, Remittix’s pay API also enables merchants to receive different digital assets with fiat settlement, increasing its user base. Analysts speculate continued presale momentum can propel Remittix another 200% this month, further solidifying its position as one of DeFi’s most promising players for high returns.
Where Is the Market Headed Next?
XRP’s near-term future would depend on managing whale-driven profit-taking and optimism uptick around the potential U.S. crypto reserve. Definitive resolution of Ripple’s legal woes could reignite institutional and retail interest, with some participants targeting a zone around $2.95 in the event of channel support.
Caution must still be taken, however, as failure beneath key support levels would push the token beneath $1, particularly if whales persist in selling.
Amid this environment of ambivalent sentiment, Remittix is differentiated in providing concrete utility: quick, cheap cross-border transactions that legacy institutions cannot compete with. The strength of its presale figures underscores the extent to which investors are hungry for more than speculation.
By having locked liquidity and a long-term intent to renounce contract ownership, Remittix demonstrates a commitment to longevity qualities that are increasingly valued in a market characterized by rapid changes in narrative.
Interested in how Remittix might redefine cross-border finance?
Check out Remittix to see why PayFi could fuel the next phase of crypto innovation.
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
