"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 global payments 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 channel, 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

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