Ripple (XRP), one of the top altcoins in the crypto space could drop to new lows soon. Investors are anxious over the recent bearish divergence formed on the XRP coin monthly chart. As the market anticipates a large-scale price cut, most are now reviewing their strategies and looking for options.
Meet Remittix (RTX), the new “New XRP” that is already making headlines due to its unique solution to cross-border payments. Unlike other projects, Remittix provides instant crypto-to-bank transfers in more than 30 currencies with no additional charges. Due to these features, the price of RTX could rise by 10x in Q1 2025.
Ripple (XRP) Price Plummets
The Ripple coin is under bearish pressure. CoinMarketCap data indicates the value of Ripple (XRP) has dropped by 5.0% on the weekly chart and 13.5% on the biweekly level.
The altcoin has been consolidating between $1.80 and $2.80 in the past month. Earlier in December, bulls attempted to breach the upper level but failed several times. The ongoing correction in the market coupled with Bitcoin losing the $100k level made matters worse.
While many expected the launch of the Ripple stablecoin to cause a trend reversal, the uptrend did not last. The Ripple crypto has even confined itself to the weekly charts’ $2.00-2.40 range.
Looking ahead, the momentum surrounding the Ripple token is bearish. Technical analysis indicates that most of the altcoin’s indicators are in the red zone.
The Hull Moving Average (9) and VWMA (10) show sell signs which is a bearish signal. However, the Relative strength index is above the midline, hinting at a potential uptrend.
XRP Whale forecast the Ripple price could bounce off the support at $2.03 and then rally to $2.90. Another Analyst called FLASH predicts the value of the DeFi coin might soar to $5.21.
Remittix (RTX) Advanced Cross-Border Features Attracts Investors
While XRP is battling with bearish pressure, Remittix (RTX) is showing momentum for growth. The ongoing presale has attracted the attention of investors who want to grow their portfolios.
Remittix is currently trading at $0.0167 and has raised over $843,000 in funding moreover, RTX is the native token of a DeFi project that wants to merge cryptocurrency and fiat together.
Remittix is disrupting the global payments industry by integrating cryptocurrency with the existing financial system. This revolutionary solution enables people and companies to make prompt, affordable, and safe international payments. With the help of blockchain, Remittix enables users to instantly exchange more than 40 cryptocurrencies for any world’s fiat money with just one click.
This novel method reduces the complex process of having to go through a bank and involves expensive middlemen and is far more efficient as well as cost-effective. The simplicity of the Remittix platform means that it can be used by anyone, from the person who wants to send money to a friend or family member overseas to a large company that needs to make international payments.
The platform has a reliable and secure foundation, which guarantees the security and openness of all operations. It delivers the product at a cheaper cost and within the shortest time possible breaking the barriers of geography hence proving to any client in need of faster means and cheaper way of sending money across the borders that Remittix is the solution to their needs.
In summary, Remittix is not just changing the financial industry but is paving the way forward for what global payment solutions could be like by leveraging the strength of cryptocurrency while maintaining the security and ease of banking.
Is Remittix A Good Crypto To Buy?
While the chart of XRP hints at volatility, Remittix (RTX) is ready to take the spotlight as the best crypto investment. Remittix has a very low market capitalization and implements a revolutionary technology, which is a feature that could push its price to new highs in the coming months. In the future, RTX may become the next ‘hot’ crypto asset, which people will turn to as its adoption rises.
Join the Remittix (RTX) presale and community:
This news is republished from another source. You can check the original article here
