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Solana falls 13% to $186, XRP consolidates at $2.35, and Remittix gains attention with a 20x projection by 2025.
Solana has been experiencing a significant price decline over the past week, falling over 13% to trade across the $186 and $190 range. The price of SOL has also dipped below the 100-day EMA at $196, a critical support level that has historically held the indicator steady during market downturns. Similarly, XRP price action is consolidating within a narrowing triangle pattern, after entering a critical level.
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 path. Interestingly, Remittix (RTX) is going to change global payments with his creative ideas. This has brought a lot of attention to the project, with projections showing a 20x gain as RTX $1 token eyes in 2025.
Solana price prediction: Can Solana regain the $196 support level?
The recent decline in Solana's price movement has seen the token lose a key support level around $196. This support level has kept the SOL token stable during previous market downturns. This breakdown indicates a change in trend, and if the dipping pressure increases, Solana's price could go further.
The growing number of trades raises more concerns as it suggests that sales are picking up speed. Higher volume in a bearish view usually indicates that traders are selling their positions, leading to increasing bearish sentiment. If such a pattern persists, Solana's price will have additional dipping pressure. Technically, the 200 EMA, at $179, is the next critical level to watch.
To regain an upward trend, the price of Solana must quickly recover to the $ 196 region. A sustained rally above the $ 203 and $ 216 could also indicate a possible recovery. Going above the $185 region, the recent developments, including Solana DEX Raydium launching beta perp trading supported by other developments, could help the SOL token to regain an optimistic outlook by the end of the month.
Ripple price to reach a major level in 3 days
The first line of defense for Ripple bulls is within the 50-day EMA, which is trading at $2.05. If the price of Ripple goes down to this level, the strength of the XRP market and the willingness of buyers 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 protection zone that XRP has not been having trouble breaking.
Beyond that, the $2.80, which corresponds to the upper border of the triangle, will be the next critical level. On the downside, yes 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 trend line, with a deeper move targeting the $1.70 or even the 100 EMA near $1.64.
Neither the sellers nor the buyers have control, with the RSI based on the 52-neutral mark. This market uncertainty is also characterized by the low level, with breakouts or breakdowns due to the narrowing structure of the triangle. If the price of Ripple continues to move in the same direction, it will hit the 50-day EMA in three days.
Remittix: A practical solution for global finance
Remittix stands out because of its real-world applications. As a blockchain-based payment solution, it addresses inefficiencies within the cross-border payment market. Its PayFi protocol will help bridge crypto and fiat systems, allowing for zero-cost but low-cost global transactions.
As a leading candidate within the PayFi market supported by unparalleled flexibility, Remittix allows users to send money in over 50 crypto pairs and over 30 fiat currencies. The Remittix Pay API will help also businesses to facilitate safe, fast and affordable transactions. Its innovative Checkout solution allows businesses to accept crypto payments for goods and services free of direct wallet transaction fees.
In addition, Remittix also sets itself apart with its strategic roadmap. Plans to list on both decentralized and centralized exchanges, including the recent addition of CMC supported by a unique reward system, will ensure continued growth and community engagement. These practical benefits make Remittix more than just another crypto in the market; it is a project that has the potential to redefine global financial transactions.
With a pre-sale price of $0.0199, the RTX token has already raised more than $2.4M, showing the strong confidence of investors in the project. The Remittix movement is also motivated by offering substantial value by reducing transaction times while eliminating hidden fees. The focus on financial inclusion, especially for the underbanked population, increases Remittix's appeal to long-term investors.
Remittix is looking to surpass Solana and Ripple
While Solana and Ripple show promising potential for more gains in the coming months, Remittix's game-changing ideas in global payments, along with its unique pre-sale trend, are putting it out among the main presale cryptos. The RTX token has unique potential within the vibrant PayFi sector. Whether a company is ready to welcome special payment options or an investor is looking for a better ROI, early adoption of the project could be the solution.
For more information about Remittix, visit the Remittix presale and join the Remittix community.
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