Are XRP ETFs Set To Take The Price To New Levels? Interest Is Soaring In A New Payment Rival
Are XRP ETFs Set To Take The Price To New Levels? Interest Is Soaring In A New Payment Rival
One analyst believes the XRP price might grow tenfold if a spot XRP ETF hits the market this year. As the XRP ETF approval odds jump to 85%, investor interest is also rising in a new cross-border payment token, Remittix (RTX), which has been dubbed “XRP 2.0.”
Let’s find out why analysts extol RTX and the next PayFi kingpin that could replicate early XRP price action and grant investors gigantic yield north of 50x.
Why Remittix could be the next XRP
In April 2017, the XRP price reached a $0.071 monthly high before pulling a nearly 50x multiplier to hit an ATH of $3.8 in 2018. Going for $0.0781 in the ICO market, RTX is cheaply priced just as XRP was eight years ago, with a unique value proposition in the highly valued cross-border remittances economy.
While XRP facilitates cheap and faster cross-border payments for large financial institutions, RTX focuses on retail investors and small business owners, addressing a critical gap that XRP has failed to fill.
Remittix targets this niche market with a revolutionary crypto-to-fiat payment network that merges crypto assets with local payment financial channels across the world, weaving the convenience of fiat and the speed of crypto on a single platform.
This clever strategy allows users to conduct real-time international money transfers at a minimal 1% fee, eliminating the crippling 2-5 business day delays and the 5-10% hefty fees levied by traditional remittance services.
Remittix’s solid fundamentals at the center of the $190 trillion cross-border payments market have spurred market pundits to predict astronomical growth for RTX. Capturing even 1% of this market suffices to drive the platform’s market cap into the billions, sparking a more than 5,000% upshot for the RTX price!
Can the XRP price smash $30 on ETF approval?
The euphoria surrounding spot XRP ETFs this year is palpable as Polymarket odds of a XRP ETF approval jump significantly to 84%, aligning perfectly with Bloomberg analysts' prediction of an 85% approval chance!
On May 19, CME, the largest derivatives marketplace, launched XRP futures, offering regulated XRP exposure to institutional investors and enhancing the case for spot XRP ETF approval.
If a spot XRP ETF passes in 2025, both JP Morgan and Standard Chartered have forecasted that it could attract massive inflows to the tune of $8 billion within the first year, with analyst Zach Rector posting that this kind of liquidity might push the XRP price to $30!
XRP price in a consolidation phase
In the past month, XRP climbed over 13%, pushing its yearly gains past 360% as the XRP community sentiment turned 88% bullish. At current rates, XRP is over 30% down from its recent highs and has been consolidating in the $2 zone for months.
CoinCodex XRP price predictions now show that the asset might continue accumulating in this region for a long time. However, an increasing number of analysts believe that XRP might be bracing for a major breakout as the XRP ETF momentum keeps building.
RTX has better prospects than XRP
XRP’s large market cap puts a ceiling on its upside, and it may be years before XRP can witness another 10x growth. However, RTX is a low cap presale gem with a massive growth runway ahead of it.
Investors have already put in nearly $15.2 million into the Remittix ICO, underscoring their confidence in the project’s solid fundamentals as they scoop over 537 million RTX tokens!
Discover the future of PayFi with Remittix by checking out their presale here:
