XRP may have peaked—is it time to rotate into Pi Network or Remittix?

XRP’s price is flashing red despite previously posting a meteoric uptick that had onlookers hopeful of an explosive upside. This fresh decline has pushed XRP’s price to a low of $2.30, which is a 32% decline from January’s highs. This downturn has brought about waning investor confidence, with some analysts highlighting major resistance zones for XRP on its way up. Another struggling altcoin is Pi Coin, whose price has dipped following a major token unlock. While XRP’s price and Pi Coin struggle, Remittix’s (RTX ) is surging with an uptick of over 420% from its presale entry price to its current rate of $0.0781. Could RTX surpass XRP’s market dominance this year? XRP’s price stagnates as capital inflows decline In the last month, XRP’s price has dipped a paltry 1.5%, adding to a bi-weekly downturn of over 11%. Image Source: CoinGecko After posting a recovery wave following Bitcoin’s meteoric surge to a new ATH, XRP’s price is now moving sideways along a consolidative pattern between $2.29 and $2.35. XRP’s price is retesting the 0.382 Fib retracement level, but a breakdown below this level could show that it went lower to $2.0. Image source: Trading View XRP’s price can still recover from this downturn, but a further decline in bullish sentiment and a failure to hold support at $2.28 could result in lower lows for XRP. These bearish technical signals have sparked anxiety among XRP holders and investors, as seen by the dip in capital inflows, especially from XRP’s ledger DEX . Image Source: Trading View Pi Coin holders panic amid a major token unlock Just like XRP’s price, Pi Coin is struggling to maintain its previous bullish streak now that its bi-weekly chart shows a sharp 37% price dip. Recently, investors moved 2 million Pi coins from their self-custody wallets to a centralized exchange, triggering onlookers to anticipate further downsides. Image Source: CoinGecko The pi coin is trading at lows of over 50% from its peak price, and while it surged at first to highs of $3, its current price demonstrates indecision among traders. Remittix’s (RTX) on the verge of a breakout as presale raises over $15 million Remittix , an emerging PayFi protocol reinventing cross-border payments, has seen its presale gain traction, raising over $15.4 million in a brief spell. Remittix’s RTX could easily surpass XRP’s price, as Remittix’s focus is on small businesses and individual crypto holders looking to access PayFi solutions. With Remittix, crypto holders can send funds from their wallet to a recipient’s bank account across 30+ fiat currencies. Remittix obscures the complexities of dealing with crypto wallets, making it a reliable solution that is well-built for mass adoption. Every transaction comes at a flat fee, and there are zero hidden costs or charges. Businesses can use Remittix’s API to accept crypto payments, and thanks to Remittix’s support of over 100 cryptocurrencies, including stablecoins, these payments can be settled in any currency. RTX’s presale has sold over 530 million RTX tokens and with only 50% of RTX’s 1.5 billion tokens up for grabs, now is the time to jump in as RTX is changing hands at $0.0781. Discover the future of PayFi with Remittix by checking out their presale here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix The post XRP may have peaked—is it time to rotate into Pi Network or Remittix? appeared first on Invezz

Source: Invezz