XRP is one of the coins market participants hope will see a relief rally in the next few days. The asset is hovering in a precarious position, and any further declines could hint at a potential market crash going forward. Investors hope ongoing developments within its ecosystem will trigger renewed interest, which could support buyers and be a turning point for XRP after weeks of struggle.
Markets may be choppy right now, but not too choppy for Remittix to stop gaining ground. This new PayFi protocol is one the hottest subjects in the crypto market, raising nearly 14.4 million through its ongoing presale. Investors haven’t relented in accumulating this 100x token, as its market debut might revolutionize the payment network industry.
Today, we will take a closer look at some of the developments within the XRP ecosystem and how that could aid bulls in Q2. Moreso, we will discuss all you need to know about Remittix, the project tipped to be XRP 2.0.
XRP Price Performance
Recent developments involving XRP have sparked a buzz of excitement about the coin. Most recently, Coinbase’s plan to include XRP among its crypto derivative offerings was made known to the public. Recently, Coinbase filed with the CFTC to self-certify a new XRP futures contract, potentially launching on April 21.
This calculated move reinforces the exchange’s ambitious plans for 2025. If approved, it would mark the latest in a string of derivative offerings from Coinbase, following recent launches tied to Solana and Hedera.
The inclusion of XRP comes at a critical moment—when the project lacks any excitement and the coin is in a precarious position. XRP might have gained a victory in late March, when legal issues were finally resolved after it had bogged down in a prolonged standoff with the SEC.
However, this victory couldn’t sustain XRP’s upside momentum. Traders exited early, and bears took advantage, leading to a sharp decline. Since then, buyers have stepped in to defend key support levels to avoid further price drops.
The asset recorded a 4% daily slump at press time but still hovers around the psychological $2.0 threshold. An approval of XRP futures contracts for Coinbase will allow investors to bet on price movements without holding the token, which could be a gateway for more institutional exposure.
The filing arrives as momentum builds for an XRP spot ETF in the U.S., with Bitwise, Grayscale, Franklin Templeton, and others already circling. Analysts believe this could be a turning point for XRP and the coin might as well see a significant surge following an approval in late April.
Remittix: A PayFi Revolution
Remittix is a new PayFi solution that doubles down on efforts to make cross-border transfers seamless, without any drama or cause for alarm. To make this possible, Remittix introduces a transfer solution never seen in the market before—direct crypto-to-fiat payments. With this solution, users can convert their crypto assets and send them directly as fiat.
Remittix guarantees same-day processing and charges zero costs on every cross-border transaction; this is in contrast with long-waiting days and expensive transfer fees (i.e., from FX, and wire charges, etc.) This innovative solution flips the narrative that has plagued businesses and entrepreneurs for over a decade, making it one the hottest subjects in the crypto market today.
With plans to get listed on multiple exchange platforms and attract more investors, Remittix might just be turning from a casual PayFi protocol into a 100x moonshot. Its ongoing ICO has sold over 527 million tokens and raised about $14.4 million. To hop on the Remittix train, investors can grab their RTX tokens at $0.0734 apiece.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
