The Ripple project has come under sharp scrutiny thanks to the recent wave of correction on the XRP price charts. Bulls have been optimistic of a Ripple spike for a few weeks now, but events have caused the XRP price to stall considerably.
And while Ripple struggles to generate profits in the crypto market, competition arrives in the form of a new PayFi project. Remittix is planning a new use case for crypto assets, one where users will be able to pay for goods and services online using their crypto assets directly.
The features on Remittix are set to drive traffic to the platform, but the ongoing presale is already setting the stage for a massive RTX launch. Stay tuned for more from the token.
Ripple ETFs: SEC Postpones Decision
The Ripple Exchange-traded Funds are perhaps the most anticipated crypto products in the market currently. Since Ethereum launched its ETFs in 2024, top altcoins like Solana, Ripple and Dogecoin have been tipped to be next in line.
There have been several applications submitted to the SEC for Solana, Ripple, and Dogecoin spot ETFs, but the SEC in the US has postponed its decision on them till June. Ripple could have its Futures ETFs from ProShares in the market soon, but the anticipated XRP price boost will come from the spot ETF approval.
It is not factual, but the delay in Ripple ETF approvals might be one reason for the recent dip in XRP price. The token trades at $2.32, a significant 10.62% down on the weekly charts.
XRP Price Levels to Watch
For a while, the best thing going for Ripple is that it has kept the support level at $2. With such a strong base for price rebounds, XRP is expected to withstand the volatility in the market with minimal fuss.
Still, the XRP price has been losing its confrontations with the resistance levels. CryptoPotato places the foreseeable resistance levels at $2.3, $2.6, and $3, with the token losing its $2.3 momentum in the past seven days.
Ripple has crossed the $2.3 barrier, but with buyer hesitation, the bears are back in business. A delay in the SEC lawsuit resolution has also halted bullish trading on Ripple. The $50 million settlement terms have been adjudged to lack the proper legal justification, and Judge Analisa Torres has rejected the appeal.
Ripple’s current struggles might open the way for Remittix (RTX) to stage a spectacular launch this year. Already, the new project has momentum with its revolutionary features.
Crypto traders can’t seem to get enough Remittix tokens.
More Use For Your Crypto Withdrawals Remittix
Ripple opened the doors to crypto overlapping with fiat currencies, but Remittix is offering an interesting perspective with its features. The platform on Remittix allows users to settle crypto tokens directly into fiat bank accounts without intermediaries or bank charges.
It gets better too, knowing that the withdrawals processed through Remittix can be across country borders too. All the user needs are the account details for the receiving bank account and gas fee payment.
Upon approval, the crypto assets are moved into a one-time-generated deposit address on Remittix. Smart contracts convert the crypto into the desired fiat currency and the funds are resolved in the provided bank account.
Remittix is another step in the growing acceptance of crypto tokens as payments globally. With the new platform, users will be able to make payments for goods and services without having to liquidate their crypto assets first. Quick, efficient, direct withdrawals, all without charges Remittix is set to be an instant hit among crypto users.
Remittix Presale: Find Out More Here!
Each RTX coin sells at $0.0757, with a potential to rise in value considerably before launch. In that case, presale gains are on the cards for you but only if you get in now.
There is also a price rally to expect from your Remittix investments post-launch. Get your coins today and anticipate the 130x rally on Remittix!
This articles is written by : Nermeen Nabil Khear Abdelmalak
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