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Solana is down 13% to $186, XRP is consolidating at $2.35, and Remittix is gaining interest for its 20x forecast by 2025.
Solana It saw a significant price decline over the past week, falling over 13% to trade along the $186 and $190 area. SOL price also fell below its 100-day moving average at $196, a crucial support level that has historically kept the token stable during market downturns. Likewise, XRP price action is consolidating within a narrow triangle pattern, having entered a decisive phase.
The XRP token, which is trading just above the $2.35 area, indicates that it could test the 50-day moving average in a few days - a level that could determine Ripple's short-term trajectory. Interestingly, Remitix (RTX) It is set to transform global payments with its innovative ideas. This has led to the project attracting significant attention, with forecasts highlighting 20x gains as the RTX token eyes $1 in 2025.
Solana Price Prediction: Can Solana reclaim the $196 support level?
The recent decline in Solana price action has seen the token lose a major support level around $196. This support level has kept the SOL token stable during previous market downturns. This breakout indicates a change in momentum, and if downward pressure increases, Solana price could fall further.
The increased trading volume also raises more concerns because it indicates that the selling is accelerating. Higher volume during a bearish outlook usually indicates that traders are selling their positions, leading to increased bearish sentiment. If this pattern continues, Solana's price will come under additional downward pressure. Technically, the 200 EMA, at $179, is the next crucial level to watch.
To regain the upward movement, Solana price will have to quickly recover to the $196 area. A sustained rise above the $203 and $216 area could also indicate a potential recovery. Recent developments are hovering above the $185 area, including the launch of Solana DEX Raydium beta perp trading supported by other developments, which could help the SOL token regain a bullish outlook before the end of the month.
Ripple price reaches the main level in 3 days
The first line of defense for Ripple bulls is within the 50-day moving average, which is trading at $2.05. If the price of Ripple drops to this level, the strength of the XRP market and the willingness of buyers to intervene will be tested. A bounce from the 50-day EMA could lead to a return to the $2.50 level, a crucial resistance area that XRP has had no trouble breaking.
Moreover, the $2.80 level, which corresponds to the upper border of the triangle, will become the next critical level. On the downside, then XRP If the price action breaks below the 50-day EMA, it could move towards the psychological level at $1.90, which is in line with the long-term trend line, with a deeper bounce targeting $1.70 or even the 100 EMA near 1.64. dollar.
There is no control for sellers or buyers, as the RSI is positioned at the neutral 52 mark. This market indecision is also indicated by low trading volume, with the potential for a breakout or breakdown due to the tight triangle structure. If Ripple price continues to move in a similar direction, it will reach the 50-day moving average in three days.
Remittix: a practical solution for global finance
Remittix stands out thanks to its real-world applications. As a blockchain-based remittance solution, it addresses inefficiencies within the cross-border payment market. Its PayFi protocol will help bridge the gap between cryptocurrency and fiat currency systems, allowing for seamless, low-cost global transactions.
As a leading competitor in the PayFi market powered by unparalleled flexibility, Remittix allows users to cash out in over 50 cryptocurrency pairs and over 30 fiat currencies. The Remittix Pay API will also help businesses facilitate secure, fast and affordable transactions. Checkout's innovative solution allows businesses to adopt cryptocurrency payments for goods and services free of direct wallet transaction costs.
Moreover, Remittix also features its own strategic roadmap. Listing plans on both decentralized and centralized exchanges, including the recent addition of CMC supported by a unique reward system, will ensure continued growth and community engagement. These practical benefits will make Remittix more than just another cryptocurrency on the market; It is a project that has the potential to redefine global financial transactions.
With a pre-sale price of $0.Since 0199, the RTX token has already raised more than $2.4 million, reflecting investors' strong confidence in the project. Remittix's momentum has also been driven by its delivery of tangible value by reducing transaction times while eliminating hidden fees. Its focus on financial inclusion, especially for underbanked populations, enhances Remittix's appeal to long-term investors.
Remittix is looking to outperform Solana and Ripple
Although Solana and Ripple show promising potential for further gains in the coming months, Remittix's game-changing ideas in the global payments space, coupled with its outstanding pre-sale momentum, place it among the best pre-sale cryptocurrencies. The RTX token has unparalleled potential in the vibrant PayFi sector. Whether the company is ready to welcome unique payment options or the investor is looking for a better ROI, early adoption may be the answer.
To learn more about Remitix, Visit the Remittix preview and Join the Remittix community.
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