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XRP News: Price Set to Skyrocket? SEC Poised to Drop Appeal And This Rival Could Capture the Next Wave
In a recent development, Ripple’s flagship token XRP is garnering significant attention as bullish signals continue to mount and rumors swirl around the possibility of the Securities Exchange Commission (SEC) dropping its long-standing appeal. Amidst this heightened anticipation, it appears that another competitor in the space is quietly building momentum and may potentially capture the next wave.
As per recent market movements, XRP has made a remarkable gain of 8.24% over the past day to reach an impressive $3.17. The surge in trading volume, which has surpassed the $10.5 billion mark, a whopping increase of 46%, further solidifies this narrative. Moreover, technical analysts are now pointing to a breakout zone that could potentially unlock new highs for XRP, paving the way for a meteoric rise.
On the other hand, another cryptocurrency, Remittix (RTX), is making significant strides by leveraging its unique approach to crypto payments and witnessing rising adoption rates. By providing an avenue for everyday users to send funds from their crypto wallets directly to bank accounts, Remittix offers a compelling alternative to XRP, particularly in regions where banking infrastructure is limited or non-existent.
What sets Remittix apart is its innovative payment system that eliminates the need for intermediaries, thereby ensuring seamless and low-cost transactions. Its Pay API has also garnered significant attention from businesses, offering an unparalleled ease of accepting crypto payments from anywhere worldwide without the hidden costs associated with traditional methods.
With a robust ecosystem comprising over $16.3 million raised to fuel its payment infrastructure, Remittix boasts an impressive 553 million RTX tokens sold out of a total supply of 1.5 billion. Furthermore, it supports no fewer than 40 cryptocurrencies and 30 fiat currencies, ensuring that users can seamlessly send or receive funds in their preferred digital assets.
In contrast to XRP’s reliance on institutional corridors, Remittix is focused on empowering the common individual with instant, transparent, and cost-effective payment solutions. The company has successfully demonstrated its commitment to bridging the gap between crypto and fiat, as evident from the sheer volume of RTX tokens sold in a relatively short period.
While many investors are eagerly awaiting any official update on XRP’s appeal with the SEC, it seems that Remittix is not only keeping pace but also challenging the status quo by offering a new wave of users to the crypto space.
Source: coinpedia.org
