XRP News Today: Ethereum and XRP Face Critical Levels as Remittix Surges 496%

Generated by AI AgentCoin World
Tuesday, Aug 5, 2025 4:41 am ET1min read
Aime RobotAime Summary

- Ethereum hovers near $3,300 support, with analysts predicting potential recovery to $3,800 if the level holds amid geopolitical risks and selling pressure.

- XRP tests $3.12 resistance with declining open interest and $35M in liquidated long positions, signaling caution despite 4.7% higher trading volume.

- Remittix (RTX) surges 496% as a standout performer, driven by real-world adoption in fast-growing fiat-convertible payments and transparent API integration.

- The altcoin's practical features—flat-fee transfers, 40+ crypto/fiat support, and liquidity locks—position it as a tangible utility solution amid ETH/XRP uncertainty.

Ethereum and XRP are both showing potential signs of a price rebound, with Ethereum currently hovering near the critical support level of $3,300. Analysts suggest that a successful hold at this level could lead to a recovery toward $3,800, positioning it as a favorable entry point for long-term investors. However, the price remains under pressure from geopolitical risks and ongoing selling, prompting some traders to shift attention to alternative assets [1].

Meanwhile, XRP is facing a crucial moment as it tests the $3.12 resistance level. Analysts warn that a failure to break above this threshold could result in a further pullback. Recent on-chain data shows a 4.7% increase in trading volume, but falling open interest indicates growing caution among market participants. Over $35 million in long positions have been liquidated in the last 24 hours, signaling increasing volatility [2].

Amid these mixed signals from Ethereum and XRP, one altcoin has stood out—Remittix (RTX). The token has surged 496%, outperforming both major cryptocurrencies. Unlike ETH and XRP, which are still awaiting confirmation of a breakout, Remittix has already demonstrated strong real-world adoption. The project is gaining traction due to its fast-growing payments network and a transparent model that allows for quick, fiat-convertible transactions [3].

What sets Remittix apart is its practical application. It offers flat-fee transfers without hidden charges, supports over 40 cryptocurrencies and fiat settlements, and provides API integration for businesses. Its upcoming wallet launch, set for September 15, is expected to further boost user engagement by giving direct access to the platform’s core features. The project also emphasizes transparency through public ledger access and liquidity locks to build investor trust [4].

While Ethereum and XRP remain in limbo, waiting for decisive price movements, Remittix has already begun rewarding early adopters and demonstrating the kind of real-world utility that crypto markets have long sought. As investors and traders watch for ETH and XRP to confirm their rebounds, it is clear that the market is shifting its attention to projects that deliver tangible value and immediate use cases [5].

[1] Michaël van de Poppe, analyst on Ethereum’s $3,000–$3,100 support zone

[2] Egrag Crypto on XRP’s $3.12 resistance and open interest decline

[3] Remittix’s 496% price surge as of the referenced article

[4] Remittix’s features including fiat settlement, API integration, and liquidity locks

[5] General market trend and performance comparison between ETH, XRP, and RTX

Source:

[1][2][3][4][5] "Ethereum and XRP Prices Set To Rebound Hardest But Remittix Looks The Clear Winner After 496% Gains"

https://coinmarketcap.com/community/articles/6891c2281e32735fbce613ae/

Comments



Add a public comment...
No comments

No comments yet