Crypto decline took a turn for the worse on Friday, as the fear of tariff rate spikes and the reaction of institutional traders shook the altcoin market. Ripple has been on a slump since, with the XRP price dipping even past the $3 level.
A new token gem is loading a surprise for the crypto market generally. Its presale has been a trailblazer, and investors are considering it for better returns this year.
Could the XRP token be getting replaced in 2025? Here’s where to find out.
XRP Price: Fear, Tariff, and Institutional Market Responses
The Ripple token rose to new highs in July, setting a new all-time high at $3.93 before correcting downwards. It was a rather fun time to hold XRP, as they held the headlines even while Bitcoin was surging.
Fast forward about two weeks, and the XRP price is not quite where it was. The token is trading at $2.89, with about 8.9% weekly losses and uncertain holders. There’s been some stability over the weekend, but Ripple whales are on the verge of selling. Again.
The reasons are also remarkably simple. Traders from the institutional market made rather strong decisions from Thursday to Saturday, as they reacted negatively to rumours of a rise in global tariff rates. The reactions led to a fall in sentiment on most altcoins, with more institutional traders preferring other liquid assets.
Reports show that the XRP price experienced a huge fall on Saturday, August 3, when most Ripple traders sold off in response to the poor market conditions. Now, their sell-off pulled Ripple past the $3 level, bringing it as low as $2.75 before the support levels held.
The resistance at $2.84 has broken, but the XRP price might take a while to revive completely. In that time, its successor sets up for a stellar launch.
Get ready for the Remittix DeFi.
‘It’s PayFi, But It’s New!’
And ‘new’ isn’t all there is to Remittix. The project is looking to break into the PayFi sector, introducing fresh perspectives on user-centric features for crypto payments.
Ripple and the PayFi giants have become more adapted to large-scale transactions, and Remittix intends to cater to the trader community, even before corporations. On the Remittix platform, there’s a crypto-fiat bridge that is concerned with enabling users to transfer their crypto assets directly into fiat accounts globally.
The transfers occur without traces to a crypto blockchain, and the bridge enables transactions with low gas fees and zero bank charges. With all its features, the Remittix project would be increasing the use cases of crypto tokens–they could very well become the currency of the future.
Now, the bridge is already uploaded in the Remittix Web3 wallet, which is in its beta testing phase. The RTX tokens are also nearing the end of their presale, and launch day for both wallet and tokens is at hand.
Remittix Presale: Crypto For Now and the Future!
Cop your RTX tokens at $0.0895 now before they get more expensive. Or even rarer. The launch date is approaching, and your profit potential couldn’t get any better anywhere else.
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
