The XRP price has been surging lately after breaking its old all-time high and heading toward a new bullish rally.
This comes after the XRP price broke the resistance at $2.6, reigniting bullish sentiment. However, while traders debate XRP price momentum, a new payment-focused asset makes a new parabolic breakout.
Here’s a breakdown of the technical outlook for the XRP price and how the new payFi project sets a new pace.
Can The XRP Price Surge Maintain Its Growth Momentum?
The recent breakout of the XRP price from the bull flag shows a strong buying momentum that signals a potential bull continuation. This is with the bull flag’s reputation for signaling a strong upward move.
The XRP price breakout with the bull flag is projected to take the coin on a new 400% surge, with $10 as the primary target. However, analysis shows the surge from recent XRP expansion, including speculation of X (formerly Twitter) integration.
In the aftermath of the return of bull sentiment, the XRP address has jumped over 50% in the last 48 hours. However, the rise in the address is only a response to the fundamental factors that have continued to contribute to XRP over the past weeks. Factors tipping XRP price higher in the last few days include:
- The recently approved Proshare XRP ETF
- Rise in utility across the border
- Rising institutional demand
Technical Analysis Of The XRP Price
While demand remains high, with a surge in XRP daily volume, the price pattern shows profit-taking already. The repeated retesting of the new $3.6 high shows traders might be taking profit already.
However, the rising institutional demand is taking the XRP price back up, seeing the price shifting between $3.4 and $3.6 today.
Further look into how the cross-border payment solutions of the Ripple Lab have continued rising lately, this price surge is projected to help XRP hit $10. However, a breakout below $3.4 might reverse the bullish sentiment.
How Remittix Crypto Payment Solution is Taking it Parabolic
Remittix recently saw a surge in its presale over the last few days, breaking above $16.7M in a growing presale demand. However, while some analysts debate factors contributing to this surge, others believe Remittix could be the new XRP.
While the XRP solution addresses remittance from crypto to crypto, Remittix facilitates crypto to fiat. But Remittix, allowing users to send money directly to a bank account using crypto, is redefining the narrative.
Analysts now project Remittix to see more than 10x in breakout surge as analysis shows a potential for fast adoption after launch. Factors experts believe could fuel this surge include:
- A business-focused API that helps businesses receive crypto from users as fiat into bank accounts
- Remittix Q3 wallet launch supercharging ease of use
- Support for more than 30 fiat currencies
- Instant conversion for more than 40 crypto assets at the lowest fee, and no hidden charges.
Investing in the Remittix token early allows for enjoying high ROI and a low entry price. Being an early buyer also allows traders to participate in the ongoing $250,000 Remittix giveaway, giving $25,000 each to 10 people.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/xrp-price-breaks-bullish-chart-pattern-yet-another-payment-crypto-is-the-one-going-parabolic/