The rapid growth of the XRP price from late last year into the early part of this year has seen a significant decline. This is as the XRP price sheds over 31% from its $3.65 high this year.
However, amidst all the resistance from the XRP price reclaiming its old highs, the Remittix token is becoming a gem for investors, with a record 700%+ price growth. In addition to this, the Remittix project’s exchange breakout later this year is already building up a high spike in sentiment.
Here is how the Remittix token could perform this year as its support grows in payment and what to watch out for with the XRP price before the end of December.
XRP Price Surge Hits A Roadblock as ETF Hype Slows Down.
One of the major factors affecting the XRP price lately is the US shutdown, which also caused a setback for SEC activities. As the ETF talks began to wear off, so did market confidence, with the price setup showing a shift from bull to bear.
The SEC’s resumption has not had the same effect on the XRP price as the earlier momentum this year. Moreover, the technical setup now indicates that the price is facing stronger resistance as it attempts to reclaim $3.
Although updates from the REX-Osprey XRP ETF show a healthy inflow into the system, many other ETFs pending approval continue to leave a gap in institutional inflow. This is a gap that can only be filled by an increase in institutional buying, as traders hope for a return to $3.
The XRP price chart has now opened the $2.6 range as a strong resistance zone, with price reversing from this level since early October.
What Is Fueling A Remittix Market Takeover For November?
Remittix has emerged as a new gem in payments over the last few months, offering the possibility of a smooth payment delivery to bank accounts using cryptocurrency for payment.
This new generation solution has continued to reposition the Remittix token as the future of cryptocurrency payments. By implication, the buying momentum in the Remittix token has exceeded all predictions, as accumulation continues to rise.
The payment solution of the Remittix token is now bringing it to the interest of XRP investors, as this new altcoin draws closer to becoming an XRP alternative. The price growth over the last few months has also been rapid, reaching over 700% in ROI.
As November approaches, experts are citing several factors that may be driving the Remittix token price spike. To mention a few, these factors include:
- Project announcement set to reveal landmark progress with the ecosystem
- New Exchange reveal showing the growing adoption of the Remittix token
- Fast-rising buying with surges in the number of wallets holding the Remittix token
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
