Solana and Ripple ETFs Set to Receive Regulatory Approval by March, Remittix (RTX) Presale Momentum Doubles

Investors and crypto enthusiasts may soon witness a major development in the market as Solana ETFs are set to receive regulatory approval by March.

Solana (SOL) and XRP are among the cryptocurrencies that could benefit from regulatory approval for ETFs (exchange-traded funds) by March. Such a move is expected to broaden investment opportunities within the digital market.

Solana has maintained a crucial support level of $175 despite significant price movements. However, a weekly dip of over 12% has led some whales to sell their holdings. On January 13, 2025, a Solana whale dumped 122,620 SOL tokens, valued at around $21.75M, on the Kraken crypto exchange.

The dump occurred as the price of Solana dipped below its support level of $175 and approached the $168 level. As sentiment cooled, the Solana price rebounded above the support level and appears to be recovering, now hovering above the $183 region.

If Solana’s price sustains this level, the SOL token could soar even higher, targeting the $220 region. Despite the recent dip, Solana has managed to hold above the 200-day EMA. The incoming Solana ETF approval could also help the SOL token regain bullish momentum.

Several pending XRP ETF applications from companies like WisdomTree, Canary Capital, and Bitwise are set to be processed this year. Such an approval will propel Ripple’s price into a bullish outlook as the token aims for new highs.

Analyst Egrag Crypto has observed a breakout from a symmetrical triangle formation on XRP’s daily price chart. After retesting the upper boundary of its triangle pattern, XRP is set for upward momentum, targeting the $2.75 region in the short term.

The retest validates XRP’s strength of a breakout, as the token’s price actions point to a bullish market sentiment backed by its technical indicators. The analyst has identified $2.75 as a critical short-term target. However, in case of a pullback, the key support regions to watch are $2.07 and $1.63, which might help maintain the bullish momentum if tested.

Achieving such a milestone will reinforce its upward trajectory as the XRP token trades above the $2.5 level.

As the PayFi industry gains momentum, Remittix (RTX) continues to attract attention with its unique capabilities in solving cross-border payment challenges. The project offers a transformative solution for individuals and businesses, integrating the best aspects of crypto and fiat systems without sacrificing efficiency and transparency.

While Remittix is known for its seamless cross-border payment solutions and unique tools, its versatility extends beyond these innovative features. The project's lesser-known capabilities showcase its potential to transform niche markets while addressing the most overlooked financial challenges.

One such feature is Remittix’s adaptability in payroll solutions. Global companies and remote teams can use Remittix to pay employees in crypto and settle in fiat currency to their bank accounts. This move eliminates the need for currency conversion, delays, and extra fees, making it an efficient and cost-effective option for any cross-border payroll management.

Furthermore, Remittix supports micro-transactions. Its low-fee structure has made Remittix an ideal option for sending small amounts for donations, low-value remittances, and tipping. Unlike traditional services, where the fees are disproportionate to transaction size, Remittix will enable accessibility for all.

These features have seen the RTX token achieve an impressive milestone, with a price surge to $0.0207 and presale funding of over $2.8M.