"Remittix Challenges XRP, XLM in Cross-Border Payments; XRP Surges Amid Market Volatility"

Coin WorldWednesday, Mar 5, 2025 6:02 pm ET
1min read

In the dynamic world of cryptocurrencies, a new contender has emerged, threatening the long-standing dominance of XRP and XLM in the cross-border payments landscape. Remittix, a token launched just weeks ago, has already raised nearly $13.5 million through the sale of 515 million tokens, each trading at $0.0694.

Meanwhile, XRP, one of the leading cryptocurrencies in the

sector, has experienced a tumultuous journey. The recent chaos in cryptocurrency markets, sparked by President Donald Trump's tariff policies, led to a rapid sell-off of Bitcoin and XRP. However, the market recovered slightly when news emerged that U.S. tariffs could decrease, boosting XRP by more than 10% to reach $2.51 from its lowest point of $2.27 during the day.

Analysts have noted a significant increase in XRP addresses, with numbers rising by 620% over the past week, indicating strong market activity. The daily XRP price chart shows traders attempting to surpass the $2.51 resistance level after the coin rebounded from its 100-day Simple Moving Average. Experts predict that XRP could rise toward $3.50-$3.75 if enough trading volume sustains the breakout attempt.

Ripple, the company behind XRP, has expressed optimism about its prospects, highlighting the successful performance of stablecoin RLUSD and the firm's $70 billion digital-asset transaction volume. However, the future success of XRP may be limited by ongoing legal and regulatory questions, which require clarity in a short timeframe.

Stellar (XLM), another prominent cryptocurrency in the cross-border payments field, has also attempted a comeback after a 25% drop in February. Veteran trader Ali Martinez has identified a bullish flag pattern developing in XLM charts, indicating that the cryptocurrency is forming a downward

, which could signal an end to its bearish trend. If XLM breaks through its upper vertical trendline, it could potentially reach $2.14 levels, representing a 300% price movement.

However, the market performance of XLM is highly dependent on Bitcoin's overall market sentiment, as Bitcoin usually determines the success of alternative cryptocurrencies. Both XRP and X

Comments



Add a public comment...
No comments

No comments yet

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.