Remittix (RTX) Price Prediction: Momentum or Mirage?

Technical analyst JD recently flagged a crossover above 80 on XRP's Stochastic RSI, a level that preceded a 20× run in 2017 but also an eventual 90 % collapse.

Seasoned traders have their eyes glued to the XRP price after a sharp uptick in momentum indicators, yet a growing chorus of analysts argue that other payment-focused assets now offer a better risk-reward profile.

One of those contenders is Remittix (RTX), a newcomer that has already raised more than $14.7 million in presale funding. Another is Hedera Hashgraph (HBAR), whose recent enterprise integrations hint at a breakout of its own.

XRP Price: Momentum or Mirage?

Technical analyst JD recently flagged a crossover above 80 on XRP’s Stochastic RSI, a level that preceded a 20× run in 2017 but also an eventual 90 % collapse.

That whipsaw history prompts caution despite short-term excitement. Adding complexity, on-chain data show the XRP price hovering near $2 even as active addresses surged 67.5 % to more than 40 k, signaling renewed network use.

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Averages out to about a 67.5% increase in active addresses in the last 30 days. At the beginning of the year, there were only around 11k daily active addresses, and now we're seeing over 40k daily active addresses on the XRP chain. This signals increased network activity and engagement with the XRP network. As the image shows, the price has remained relatively stable around the $2 mark during this period. This suggests that the surge in network activity is not necessarily being driven by extreme price volatility. Instead, it points to a consistent level of usage and participation in the XRP ecosystem despite the market's broader shifts.

Shared by jaydee_757 (JD) on Instagram: https://www.instagram.com/p/Pt3_274jZqI/?img_url=https%3A%2F%2Fimages.edgestore.cc%2Fi8%2FwHb%2F2024%2F09%210/c021380506447c76b088e9e787e38e737486d345040034c6cb80be808c8e7.jpg&igshid=MzMyZDE2YmMyZWI3Njgi