XRP News Today: XRP Pressured Below $3.3 as Remittix Gains Momentum With Beta Wallet Launch

XRP continues to face downward pressure as it struggles to hold the critical $3.3 level amid bearish market sentiment and shifting investor confidence [1]. The token has shown signs of instability, fluctuating between bullish and bearish phases, and now risks breaking below key Fibonacci support levels. Analysts have highlighted that a successful retest and reclaim of the $3.32 threshold could signal a potential recovery, but failure to do so may drive the price toward $2.75, a level that could either deepen the bearish trend or serve as a bounce zone [1].

Amid XRP’s uncertainty, Remittix (RTX) is gaining attention as a project with tangible utility and a clear product roadmap. The project is preparing to launch the beta version of its mobile-first, cross-chain DeFi wallet in Q3 2025. This wallet supports multiple blockchains, including Ethereum, Solana, and XRP, and is designed to enable seamless crypto-to-bank transfers across 30+ countries [1]. The platform emphasizes real-world use cases such as fast, low-cost transactions and live foreign exchange (FX) features, positioning itself as a practical solution for global financial needs.

Security is a key focus for Remittix, with the wallet having been fully audited by CertiK [1]. This move underscores the project’s commitment to reliability and trust. Additionally, Remittix has introduced a 20% referral reward system to incentivize community participation and has launched a time-sensitive 40% bonus as a pre-listing incentive [1]. These strategies suggest a deliberate effort to build a strong and engaged user base ahead of its major exchange listings.

Crypto analyst Ali Martinez has drawn attention to a potential indicator for XRP through the MVRV ratio, noting a golden cross event [1]. This signal has historically coincided with significant price surges in XRP, including 630% and 54% gains in two previous instances. However, such analysis remains a forecast and should not be taken as a guaranteed outcome. Actual performance will depend on broader market conditions and investor sentiment.

The timing of Remittix’s product launch aligns with a period of uncertainty for XRP, drawing attention to projects that offer concrete use cases and functional tools. While XRP’s price remains under pressure, Remittix is positioning itself as a solution to real-world financial problems, including cross-border payments and low-cost transfers. The project’s upcoming wallet launch is expected to enhance its credibility and utility in the decentralized finance (DeFi) space [1].

With a focus on cross-chain interoperability and real-time financial tools, Remittix is building a case for itself as a strong contender in the utility-driven crypto segment. As XRP tests its support levels, the market may increasingly turn to projects that deliver immediate value and functional innovation. Remittix’s strategic approach to product development and community engagement highlights its potential to stand out in a crowded market [1].

Source:

[1] XRP Price Looks Weak, Remittix Strengthens on Beta Wallet Launch Countdown (https://partner.cryptopolitan.com/xrp-price-looks-weak-remittix-strengthens-on-beta-wallet-launch-countdown/)

[2] Ripple's XRPL EVM sidechain stutters to tough start with... (https://www.mitrade.com/insights/news/live-news/article-3-1026999-20250810)

[3] XRP Outlook for August 2025: New Utility Token Emerges... (https://www.mitrade.com/au/insights/news/live-news/article-3-1026749-20250810)