XRP took a plunge late last week, but analysts argue it is the perfect situation for an entry. Several ongoing developments surrounding the project make XRP a perfect pick.
This payment network has lined up key developments that could surge its market demand on a global scale. Analysts are confident the XRP price rally is far from finished. They hint that a $10 – $20 climax is a real possibility.
Remittix is another payment network that could see success in the global market. This project fuses blockchain technology and local bank infrastructure to enable direct fiat deposit via crypto. It is a solution that bridges a multi-trillion-dollar divide.
Big market players understand Remittix will undoubtedly have a huge market share once it hits the market. They are wasting no time accumulating as many RTX as they can. Let’s explore why XRP could see a reversal in Q2 and reveal why experts are banking on Remittix.
XRP Price: Room for More Pumps?
Last Tuesday, XRP price started a fresh decline below the $2.150 price level after peaking at $2.220, 48 hours before. It brings the asset to a weekly drop of 6.62% and a corresponding price of $2.051. The surge in the earlier part of last week could be due to Ripple’s acquisition of Hidden Road, a global credit prime broker for $1.25 billion. This development sustained investors’ sentiment, but was not enough to prevent a decline.
XRP price is now consolidating above $2.00 but faces hurdles near the $2.120 resistance. Analysts believe the recent drop in XRP price trajectory is not more than a minor pullback, and there is still room for more pumps. Technicals are bullish, and they believe the $10 mark could be its target in the long term. They support this bullish scenario with the Elliott Wave theory. According to them, the weekly chart of XRP price action and the previous cycles have very similar structures.
From a conservative stance, XRP price could rally above the $10 mark if history repeats itself. The accumulation period can be longer, just like it happened in the previous cycle. Speaking of accumulation, whales have continued to purchase XRP despite the increased number of retail investors exiting positions. This behavior confirms that bullish momentum may still be there.
Moreover, the quiet phase of retail investors has historically preceded significant upward movements, making the optimistic $20 target feasible since long-term patterns are still intact.
Whales Keep Accumulating Remittix
Remittix is another PayFi solution causing a buzz among market participants. This project fuses blockchain technology and local bank infrastructure to provide a platform that facilitates instant crypto-to-fiat payments. Market observers recognize the innovativeness of this payment protocol. It would guarantee same-day processing and incur zero transfer fees.
Another plus of the project is that its solution will cater to a multi-trillion-dollar economic divide, connecting the underbanked regions to the global crypto market. Millions of businesses and freelancers in third-world countries have limited access to financial infrastructure. Many of them could not participate in the global economic trade. Remittix will bridge this gap, connecting merchants, businesses, and clients to each other.
Whales are confident this solution will draw huge demand. Therefore, they have accumulated over 527 million tokens to date. They believe it will enjoy at least a 100x rally before 2026.
Conclusion
Through the adoption of Remittix, businesses and entrepreneurs will be able to trade seamlessly with each other and diversify saved funds from its zero-charges feature.
$RTX tokens are still going for a discounted fee of $0.0757 apiece; retail investors like you should hop on Remittix before the project booms.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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