The XRP price has fallen to $2.38, and its weekly loss has continued. The current geopolitical tensions between the US and China and the US government shutdown have formed headwinds that are impacting market sentiment.
With XRP’s spot ETF approval delayed, many investors are now questioning where the price will go next. Will this dip persist, or are there any chances of a turnaround? Let’s dive into the situation and look at what’s driving the price movement today.
XRP Price Is Under Heavy Resistance With Delays and Uncertainties in the Market
The XRP has been underperforming of late, declining by 1.31% over the last 24 hours. At $2.38, it is already under pressure, particularly with more macroeconomic factors in play. The ongoing US-China trade tensions have cast a shadow over global risk appetite.
Investors are now more cautious, and it’s weighing on digital assets, including XRP. As tariffs and export restrictions loom, it’s triggering a risk-off move, and we’ve seen Bitcoin dominance climb to 59.28%, signaling that traders are flocking back to established assets in times of uncertainty.
Meanwhile, the US government shutdown is further complicating matters for XRP. The SEC’s approval of XRP’s spot ETF has been delayed, freezing any institutional investment that could have boosted the price.
Analysts expect 3 to 4 more weeks of delay before the SEC clears its backlog. That means XRP’s future in the short term remains uncertain, and the ETF, which had a high chance of approval, is still up in the air. Although many are still optimistic, this has caused the market to stand in hesitation due to the lack of progress.
Traders are currently targeting the support level of $2.16 to $2.20. A decline below that would see us potentially move toward $1.94 and $1.58. Conversely, if XRP is able to sustain a higher point, the market can stabilize, particularly when the geopolitical environment gets better or the SEC approves the ETF.
Momentum indicators still suggest weakness, though, and XRP remains stuck below key resistance levels. Until it breaks past $2.64, there’s a lot of uncertainty around the price action.
Remittix Could Be the Next Big Player in Cross-Border Payments
As XRP faces its share of challenges, there is a new project that is gaining traction with a fresh approach. Remittix (RTX) is positioning itself to bridge the gap between cryptocurrency and traditional banking. The project’s goal is to offer fast, low-cost cross-border transactions, similar to Ripple’s mission, but with a key difference—Remittix focuses on user-friendliness and accessibility.
As Ripple still focuses on big businesses, Remittix focuses on everyday consumers. This is why it can become a disruptive force in the payment industry. Remittix, via its PayFi ecosystem, is aiming to streamline the digital payment process of both consumers and businesses. The platform will provide a smooth transition between crypto and fiat currencies.
Time to Take Action: XRP or Remittix, Which Will You Choose?
As XRP faces significant challenges from ETF delays and macroeconomic tensions, Remittix is quietly making progress with its own innovative payment solutions. XRP’s price may struggle in the short term, but it still holds promise for long-term growth once the ETF approvals clear and market conditions stabilize.
On the other hand, Remittix is positioned to carve out its own niche in the payments industry, potentially offering a more accessible solution to everyday users.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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