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Solana drops 13% to $186, XRP consolidates at $2.35, and Remittix gains attention with a 20x projection by 2025.
Solana has been experiencing a substantial price decline over the past week, falling by over 13% to trade along the $186 and $190 region. The SOL price has also dipped below the 100-day EMA at $196, a critical support level that historically kept the token stable during market downturns. Similarly, XRP price action consolidates within a narrowing triangle pattern, having entered a crucial phase.
The XRP token, which is trading just above the $2.35 region, suggests that it could test the 50-day EMA in a few days — a level that could determine Ripple’s short-term trajectory. Interestingly, Remittix (RTX) is set to transform world payments with its creative ideas. This has seen the project attract significant attention, with projections highlighting a 20x gain as the RTX token eyes $1 in 2025.
Solana price prediction: Can Solana reclaim the $196 support level?
The recent dip in Solana’s price movement has seen the token lose a key support level of around $196. This support level has kept the SOL token stable during previous market downturns. This breakdown indicates a change in momentum, and if the dipping pressure increases, the Solana price could dip further.
The growing volume of trading also raises more concerns as it suggests that selling is picking up speed. Higher volume during a bearish outlook usually indicates that traders are selling off their positions, leading to a growing bearish sentiment. If such a pattern persists, Solana’s price will experience additional dipping pressure. Technically speaking, the 200 EMA, at $179, is the next crucial level to monitor.
To regain upward movement, Solana’s price will have to swiftly recover to the $196 region. A sustained rally above the $203 and $216 could also indicate a possible recovery. Hovering above the $185 region, its recent developments, including Solana DEX Raydium launching beta perp trading backed by other developments, could help the SOL token regain a bullish outlook before the end of the month.
Ripple price to hit key level in 3 days
The first line of defense for Ripple’s bulls lies within the 50-day EMA, which is trading at $2.05. If Ripple’s price dips to this level, the strength of XRP’s market and buyers’ readiness to intervene will be put to the test. A rebound from the 50-day EMA could lead to a move back to the $2.50 level, a crucial resistance zone that XRP has not been having trouble breaking.
Beyond that, the $2.80, which corresponds to the triangle’s upper boundary, will become the next critical level. On the downside, if XRP price movement breaks below the 50-day EMA, it could move towards the psychological level of $1.90, which is in line with the long-term trendline, with a deeper retracement targeting the $1.70 or even the 100 EMA close to $1.64.
Neither the sellers or buyers are in control, with the RSI centered at the 52-neutral mark. This market indecision is also indicated by the low volume, with a possible breakout or breakdown owing to the triangle’s narrowing structure. If Ripple’s price keeps moving in a similar direction, then it will hit the 50-day EMA in three days.
Remittix: A practical solution for global finance
Remittix stands out owing to its real-world applications. As a blockchain based remittance solution, It addresses inefficiencies within the cross-border payment market. Its PayFi protocol will help bridge crypto and fiat systems, allowing for seamless yet low-cost global transactions.
As a leading contender within the PayFi market backed by unmatched flexibility, Remittix allows users to cash out in more than 50 crypto pairs and over 30 fiat currencies. The Remittix Pay API will also help businesses facilitate safe, quick, and affordable transactions. Its creative Checkout solution allows businesses to embrace crypto payments for goods and services free from direct wallet transaction costs.
Moreover, Remittix also sets itself apart with its strategic roadmap. Plans to list on both decentralized and centralized exchanges, including a recent CMC addition backed by a unique staking reward system, will ensure continued growth and community engagement. These practical benefits will make Remittix more than just another crypto in the market; it is a project that holds the potential to redefine global financial transactions.
With a presale price of $0.0199, the RTX token has already raised over $2.4M, reflecting strong investor confidence in the project. Remittix’s momentum has also been propelled by its offering tangible value by reducing transaction times while eliminating hidden fees. Its focus on financial inclusion, especially for the underbanked population, enhances Remittix’s appeal to long-term investors.
Remittix Is looking to outpace Solana and Ripple
Although Solana and Ripple display promising potential for more gains in the coming months, Remittix’s game-changing ideas in global payments, along with its outstanding presale momentum, set it out among the top presale cryptos. The RTX token has unparalleled potential within the vibrant PayFi sector. Whether a company is ready to welcome unique payment options or an investor is looking for better ROI, early adoption of the project could be the solution.
To learn more about Remittix, visit the Remittix presale and join the Remittix community.
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