Last week, the Ripple charts experienced a short-lived price jump when the SEC reportedly dropped charges against Ripple in the ongoing lawsuit. With the regulatory landscape becoming more favourable, users expected Ripple to have a smooth ride to its ATH in the next few weeks.
But there haven’t been many improvements since the spike. Instead, the Ripple price has been correcting to lower levels, with the token bouncing between price targets at $0.5 and $5. The XRP price movements leave traders looking for more profitable options, and the Remittixproject is one of the top picks right now.
With massive potential for a price rally up to 130x it’s no surprise that users are trooping over to the new PayFi platform. We have information on Remittix and its plans.
Ripple Price Still In Market Correction?
The Ripple price has been stuck in correction for much of the past seven days, as the token still trades at $2.11, some ways off its weekly peak at $2.48. The peak came after the SEC dropped charges on the sale of unregistered securities against Ripple Labs, after which the token price surged considerably.
After the spike, the potential on the Ripple price for a rally increased, and traders anticipated even more bullish signals in the coming days. The actual events in the past few days have been largely disappointing, however, as XRP seems caught up in a bearish slump.
The token is 10.7% down on the weekly timeframes, and that’s despite the development experienced on Ripple in the past week. Ripple Labs has closed a partnership deal with Chipper Cash, while the probability of XRP ETFs has spiked to 85%, according to popular opinion.
What Does The Future Hold For Ripple?
The past week has been somewhat underwhelming for Ripple traders, especially given the initial optimism about the Ripple price. Given the latest feed from analysts, speculations around a bullish rally have been suspended.
Since its rejection at the $2.48 level, there’s been talk of the Ripple price visiting support levels even lower than $1.5 before the token surges again. The token also saw resistance at its 50-day SMA on Thursday, giving credibility to the declining XRP price.
Currently, the resistance at the $2.5 and $3 levels will need a stronger trading momentum to breach, making it difficult for Ripple to hit a $5 target. The weak bullish hands have caused more traders to lose faith in Ripple’s potential, and the sell-off wave is sinking the Ripple price, bringing it even closer to $0.5.
With Ripple facing downtrends, the new PayFi project Remittix (RTX) has the full attention of crypto users in the sector. Here’s more on Remittix.
Direct Withdrawals, Masked Transfers With Remittix!
The PayFi sector has long since been dominated by Ripple and Stellar, as both occupy top positions among the best cryptocurrencies in the market. However, while both PayFi giants cater to huge token transfers, serving corporations more than crypto traders, Remittix is offering utility to the crypto folk.
Getting cryptos directly to bank accounts involves the use of intermediaries like exchanges, but not with Remittix. The platform offers a direct payment portal for users to deposit their crypto assets into fiat bank accounts, all at low costs and with no traces.
All the traders need to get the tokens across are the details of the recipient bank account, along with the crypto tokens and gas fees. Once the transfer has been approved on the Remittix API, the smart contracts convert the cryptos into the appropriate currency and deposit them in the bank account.
A key feature of Remittix transfers is that they will not be traceable to a blockchain. They won’t appear as originating from crypto ecosystems. Hence, users’ privacy and anonymity are preserved even as they perform cross-country transactions.
Remittix is the future of crypto payments. Investors have seen the potential and are already stocking up on RTX tokens.
Remittix Presale: 130x Potential Returns For Early Buyers!
Like the Ripple traders, you should also be getting your own RTX tokens now. The coins are currently selling for $0.0734 and they only get costlier.
Now’s the best time to buy your RTX tokens, especially when you consider the presale ROI and the post-launch 130x price rally.
Don’t sleep on Remittix!
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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