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XRP News: Price Set to Skyrocket? SEC Poised to Drop Appeal And This Rival Could Capture the Next Wave
The cryptocurrency market is abuzz with fresh rumors that the United States Securities and Exchange Commission (SEC) may finally drop its appeal against Ripple Labs, Inc., a move that could send XRP’s price skyrocketing. As investors await this potentially pivotal development, another altcoin is quietly building momentum in the payment space.
XRP has been on a tear recently, surging 8.24% over the last day to reach $3.17 per coin. The surge is not surprising, given the asset’s impressive technical performance and the growing likelihood that the SEC will drop its appeal. Traders are piling in as XRP eyes a new breakout, with trading volume soaring to over $10.5 billion – a 46% increase from the previous day.
As XRP prepares for liftoff, some smart money is already positioning itself for the next wave, and one contender is gaining traction rapidly. Remittix (RTX) has been making waves in the crypto payments space with its innovative approach to instant cross-border transactions.
The fintech innovator is revolutionizing the way people transfer funds globally by providing a seamless bridge between cryptocurrencies and fiat currencies, all while eliminating unnecessary middlemen and associated fees. This could be particularly significant for those operating in regions with limited banking access.
Remittix’s Pay API has already garnered significant attention from businesses seeking to integrate crypto payments into their operations. By allowing users to send funds directly from their cryptocurrency wallets to traditional bank accounts, Remittix is offering an attractive alternative to XRP and other incumbent solutions.
The company has been raking in the funds, having raised over $16.3 million to fuel its growth ambitions. With a circulating supply of 1.5 billion RTX tokens, this relatively new player is poised to capitalize on the same opportunities that have sent XRP’s price soaring.
Source: coinpedia.org
