XRP‘s victory against the US SEC has been one of the crypto market’s monumental events this year.

The legal victory of ​​XRP in its case against the US SEC has been a highlight of the crypto market this year. But despite the win and a $50 million settlement, the token has failed to rally.

Many investors are still wondering why XRP has continued wobbling around the psychological $2.0 level. Well, savvy investors are already diversifying with the new XRP alternative, Remittix. The crypto-to-fiat PayFi solution has garnered attention for its multi-million ongoing presale success and real-world utility.

Here’s a closer look at why Remittix is stealing the spotlight from XRP.

XRP price prediction: Bulls remain focused on potential rally despite suspicions of market manipulation

Following its recent SEC agreement, the XRP price has shown mixed signals. A pseudonymous analysis pointed out the intricate dynamics of networks with a negative correlation between transaction patterns and price, which incited suspicions about market manipulation.

This manipulation is unfolding amid the significant strides made by Ripple Labs in May. Notably, Ripple’s acquisition of Hidden Road for $1.25 billion and decreasing escrow balances ignited excitement among investors.

The institutional win came after the XRP-backed investment ETF products netted $37.7 million in inflows, while whales accumulated up to $1.8 billion in XRP.

While these pushed the XRP price 17% MoM, the token has failed to breach any crucial resistance level, still languishing at the lower end of the $2 region.

However, despite the lackluster performance, the latest XRP price predictions suggest a bullish rally soon. Analysts like Ali Martinez have spotted a bullish symmetrical triangle in XRP‘s latest price action with a bold target of $15.

Many market participants are eagerly awaiting the unfolding of this symmetrical triangle formation, which could propel the XRP price to minimum levels of $10 or even higher if the triangle's full potential is realized.

But as the XRP price stalls, a viable alternative is gaining momentum.

Remittix: PayFi token steals the spotlight in the global remittance sector

Remittix is a crypto-to-fiat solution that is focused on making cross-border transfers cheaper, faster, and more efficient. The token is also used to power a broader ecosystem of products and services that are designed to improve the financial lives of people around the world.

The PayFi token is rolling out its operations at a time when there is a growing demand for cheaper and faster cross-border transfer solutions.

Existing fiat solutions, such as Western Union and MoneyGram, can charge high fees and take several days to complete transfers. This can be a major burden for freelancers, families, and small businesses that are trying to send and receive money internationally.

In addition, existing crypto solutions can be limited by network congestion and high gas fees, which can make them expensive and slow, especially during periods of high demand.

But Remittix offers a unique combination of crypto and fiat that provides the best of both worlds. The token can be used to swap up to 40 crypto assets into fiat instantly, which allows users to select the funding method of their choice and enjoy low fees and fast transaction times.

The funds can then be sent directly to bank accounts in over 150 currencies and 249 countries and regions around the world.

In addition, Remittix offers a variety of other financial services, such as crypto debit cards, payroll solutions, and merchant services. These services are designed to provide users with a one-stop shop for all of their financial needs.

For example, firm owners can create an account and use their Pay API feature to accept crypto payments that can be converted to fiat currency and vice versa.

The tech behind Remittix is attracting smart investors who are looking to diversify their XRP holdings. Some of these investors, known as whales, have been accumulating large amounts of Remittix during the presale period.

The sales figures during the presale period indicate that Remittix is attracting growing market interest. About 534 million Remittix tokens have reached the market at attractive low prices, accumulating $14.9 million at an average price of $0.0757.

The highlight of this journey is that the legal framework is in place to enable the token to be listed on Tier 1 exchanges by Q4 2023. With an initial exchange listing price of $0.8, this presents a 93% upside compared to the presale price.

Considering the average return on XRP tokens, which have risen by 68% over the past year, and given Remittix’s promising potential and role in tackling daily financial needs and revolutionizing the $190 trillion remittance market, it seems that Remittix is poised to mirror XRP’s stellar performance.

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