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Cryptocurrency News Articles

Imminent Bullish Breakout for XRP as Token Records Multiple ETF Filings

Feb 08, 2025 at 05:57 pm

The XRP token may be on course toward a significant uptrend as four fund managers join the list of companies that have applied for an ETF for the asset.

Imminent Bullish Breakout for XRP as Token Records Multiple ETF Filings

Recent developments in the crypto market are suggesting a potential bullish momentum for some crypto assets in the near future. For instance, four fund managers have filed for a spot XRP ETF. This could be a substantial market dynamic that could trigger a rally for Ripple price.

Meanwhile, the Remittix (RTX) project is on a high-flying trajectory in sales as it is set to launch a cross-border, crypto-to-fiat payment channel that promises to revolutionize the way people receive funds in 2025.

Imminent Bullish Breakout for XRP as Token Records Multiple ETF Filings

The XRP token may be on course toward a significant uptrend as four fund managers join the list of companies that have applied for an ETF for the asset. According to Cointelegraph, the four asset managers involved in the latest ETF filing include 21 Shares, Bitwise, Canary Capital and WisdomTree.

It’ll be recalled that since the beginning of the year, other asset managers like Grayscale, Tuttle Capital, Rex & Osprey, ProShares and Coinshares have also filed for an XRP ETF. While the competition rages on between these fund managers toward getting their ETF filings approved by the SEC, the latest development is a strong indication of the potential of the XRP crypto. Notably, the development is likely to trigger a parabolic season for the XRP coin.

According to market stats, the XRP price has been caught up in a significant bear trend that has seen it lose 22% over the past week. As the altcoin sits in a position where it needs a significant market dynamic to trigger a rebound, the latest ETF filling could be the perfect start to a bullish momentum. So far, only two crypto assets in Bitcoin and Ethereum have their ETFs approved by the SEC. XRP could be the third on the list.

Over $11.2 Million Raised in Presale as Remittix (RTX) Eyes Launch

The presale phase of Remittix (RTX) is picking up more momentum as thousands of investors continue to buy the RTX token. So far, over $11.1 million has been raised as the project draws closer to launch. Notably, the driving force of the project’s high-flying presale is the massive utility that it provides, making it a standout project for mainstream adoption and possible blue-chip crypto.

For context, Remittix is a hybrid DeFi project that facilitates crypto-to-fiat payment. That means that individuals can use Remittix to transfer crypto funds and have the receiver paid directly to their bank in fiat currency. All that is required to execute crypto-to-fiat payment is to connect your wallet at Remittix. The project offers fast and efficient payment, ensuring that transactions are completed within minutes, regardless of global jurisdictions.

While projects like Stripe offer a fiat-to-fiat payment gateway and Coinbase offers crypto-to-crypto payment, Remittix provides a hybrid solution of crypto-to-fiat payment at zero FX fees. The hybrid solution from Remittix is poised for massive growth given the increasing mainstream penetration of DeFi transactions and the blockchain.

As such, investing in the Remittix presale is one of the ways to align with the project’s exponential growth potential. Sold for just $0.0539, early investors of the RTX token have made over 700% in profits, which could exceed 1500% by the time the project launches. This makes now the best time to join the project. Given its robust features and the problems it is solving, RTX is the best altcoin to buy in this dip.

Crypto Asset to Buy in 2025

Even with the bearish sentiment, the XRP token harbors massive growth potential as possible ETF approval draws closer. However, the Remittix presale holds a higher percentage growth rate, given its low price entry and revolutionary utility. With Remittix, companies can pay global workers, families can send funds to their loved ones and businesses can accept payment in cryptos from their customers and settle transactions in fiat. All these are likely to increase its adoption, which makes it the best DeFi coin to invest in Q1.

You can find more information about Remittix (RTX) here:

Website: Remittix

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Other articles published on Feb 09, 2025