Market participants have long used XRP and XLM to facilitate real-time payments. However, in a major leap toward redefining cross-border payments, Remittix was developed. The project’s inclusion of a crypto-to-fiat payment feature will ease transactional burdens, improving the interaction of businesses and freelance entrepreneurs on a global scale.
Remittix is projected to surge by at least 100x before the fall of the year. In this article, we will discuss why Remittix is attracting retail and institutional interest and the price dynamics of XRP.
XRP Price Updates
Last week marked the beginning of a make-or-break phase for XRP. During the opening trading session on April 6, the asset hovered above the psychological $2.0. Buyers kept XRP afloat for a few hours until selling pressure returned. The increased selling pressure waned the interest of short-term traders and consequently triggered lower trading volumes.
By Monday, the sell-offs had triggered a sharp decline towards the $1.6 support. Bulls were quick to respond to the dire situation, pushing the asset back to $1.93 before Tuesday. In the following trading sessions, the XRP oscillated between $1.8 and $1.9 levels before its current 5.18%.
The asset now trades around $2.16, marking a 6.13% increase in trading volume. XRP is in a precarious position, with conflicting views on what’s next. Market observers reference how the 1.6 – $1.8 support area has served as a trampoline for bullish bounces in the past, hoping bulls will take advantage of the current momentum to keep XRP above the $2.0 psychological level. However, nothing is certain yet.
According to analysts, short traders will take their profits, weakening the bullish momentum and tilting the balance in favor of sellers. Should bears take over this weekend, a colossal dump for XRP price might happen sooner than anticipated. This is why a new PayFi revelation is what experts believe has brighter prospects.
Remittix: Redefining Cross-Border Payments
Remittix (RTX), a new payment network, was developed to facilitate seamless real-time transfers across borders by leveraging blockchain technology. Through the platform, users can convert 40 crypto assets and send them instantly to the local bank account of a recipient anywhere in the world, including developing countries and underbanked regions. This unique selling proposition positions Remittix at the forefront of the DeFi sector, addressing a $190 trillion gap.
This innovative PayFi solution will eliminate the excessive transfer charges and long processing times usually associated with international transactions, a significant step toward redefining cross-border payments. Another interesting thing about this project is that Remittix API works like your usual bank applications, making it easy to use and maneuver.
Remittix notched another win with market observers after confirming plans to secure multiple exchange listings before Q4. This development fanned the flames of Remittix’s 100x forecast among crypto community members. Moreover, analysts confirm Remittix has been thoroughly audited by highly security firms like Solidproof and BlockSAFU and team RTX tokens have been locked for a couple of years, reinforcing the project’s long-term commitment.
The project presale is selling fast; the total investor capital invested in Remittix currently stands at 14.4 million and $RTX tokens are available at a cheap rate of $0.0757 each.
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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