Ripple's XRP Plummets 19% Amidst Remittix Rivalry

XRP, the native cryptocurrency of Ripple, has experienced a significant price drop of nearly 19% over the past week, leaving investors wondering about the altcoin's near-term stability. While the XRP price chart shows signs of recovery, the coin is still trying to regain its lost ground. Market experts believe that the emergence of a new blockchain-powered payments token, Remittix (RTX), may be diverting investor attention away from XRP, fueling speculation about its long-term future.

The recent price movement of XRP has been marked by increased market volatility, with the coin dropping sharply over the past week. However, the XRP price chart also shows notable rebounds, as the coin fluctuated between $3.11 and $2.89 before experiencing a bearish breakout that sent it down to $2. Fortunately, optimistic momentum soon returned, driving the XRP coin above the $2.40 level.

Despite this temporary volatility, XRP has had a strong month, gaining 7% and counting 15 green days out of 30. The altcoin remains among the promising ones to watch, with a 50% win rate and 11.58% price volatility. Investor sentiment is still somewhat positive, even though the XRP price is trading over 35% below its all-time high (ATH) of $3.84.

Analysts estimate that a retest of XRP's ATH could occur in 2025, supported by the ongoing upward trend in the annual XRP price chart. However, technical indicators show conflicting signals, with the Momentum Oscillator, CCI, and RSI still indicating bearish pressure, while the MACD and Moving Averages point to a buying opportunity.

XRP's performance over the past year has been impressive, yielding over 400% profits and attracting long-term investors seeking great future growth. A 2025 XRP price prediction forecasts the altcoin to trade on average in a channel between $2.40 and $4.30, indicating more upside potential. XRP's increasing acceptance and strong market support position it well for further rallies.

Meanwhile, Remittix (RTX) is transforming global payments by combining the simplicity of conventional fiat transactions with the speed and efficiency of blockchain. Unlike traditional payment companies like St