Remittix's RTX Token Could Flip the PayFi Script and Send Ripple's XRP Price Soaring

Ripple's XRP has been stuck in sideways price movement lately, with some bearish sentiment in the short term. Network activity has also been in a rut

Ripple’s XRP has been stuck in a rut. It’s seen some bearish sentiment in the short term, and network activity has been slow. But could PayFi projects like Remitrix help shift the vibes and spark a rally towards $5?

Top fintech apps are used by businesses and individuals to send and receive payments. But these apps require several checks to operate and may not be reliable in all countries. Also, top payment platforms like Spribe and Wise only provide fiat-to-fiat settlements.

Remitrix is an ERC-20 token used for settling Pay API transactions. It is a presale project that has great potential. It could change the PayFi script with its crypto-to-fiat settlements. As a decentralized project, it operates without borders or middlemen. Users will connect their wallets and settle fiat obligations on the blockchain. But the recipient will never know the transaction started as crypto.

Whether it’s $10 or $100k, users are guaranteed safe transactions. The RTX token runs on the ERC-20 standard. Besides, the Pay API itself has been rated by BlockSAFU as very secure.

Can Ripple’s XRP Price Bounce And Target $5?

As the PayFi conversations heat up, analysts are watching to see if XRP can capitalize on the brewing hype on payment tokens. Currently, XRP trades between $2.14 and $2.20 and continues its sideways move. It’s slightly up on a month-to-month basis, but has drifted way off its January 18th peak of $3.31.

With a slowdown in user engagement and volume, holders and analysts are looking at PayFi to drive XRP’s price. Others believe the possible approval of XRP ETFs could lift the token. A Standard Chartered exec is pushing the price target to $8.

However, the price must break its short-term resistance of $2.35 and revisit its $3.31 price last January, at the height of the Trump and crypto stockpile hype, before it can even set its sights on the $5 price target.

Remitrix And Ripple’s XRP: Which Token Is Ready To Lead The PayFi Revolution?

Ripple’s XRP is one of the earliest projects in cross-border payments. But it isn’t the first PayFi token, nor a true-blooded decentralized finance project. Ripple still has some work to do, navigating its post-SEC plans as it continues to expand into institutional DeFi.

Remitrix is getting ready for its official listing with buckets of potential. Initially listed at $0.015, the RTX token now sells for $0.0757, with more price increases in the pipeline. There is no vesting period for individual buyers. Early adopters can immediately claim their tokens five days after the end of the presale.

Don’t wait; with over 532 million tokens sold and about 30% of the supply remaining, now is the best time to get into the PayFi revolution.