XRP Price Prediction Soars After Legal Victory

As the SEC has chosen not to pursue its lawsuit, XRP is once again in the spotlight. Currently trading at around $2.01

As the dust settles on the saga of the SEC’s lawsuit against Ripple and its token XRP, the cryptocurrency is beginning to heat up once again. Having finally settled with the U.S. regulator, the PayFi protocol is now turning its attention to smashing new all-time highs and reaching new milestones.

But as the token climbs and technical analysis suggests a breakout could be around the corner, some experts say it’s time to consider Ripple alternatives like Remittix (RTX). The project has already managed to raise over $14.4 million and sell over 526 million tokens in its presale.

At its current price of $0.0757, analysts are calling for a substantial breakout in the latter half of 2023. For investors looking to capitalize on the crypto payments narrative, Remittix may have even more potential upside than XRP.

What Is Remittix, And How Is It Different From Ripple?

Remittix has one goal: simplifying and speeding up global crypto-to-fiat transactions. Its PayFi infrastructure is designed to remove the friction that comes with cross-border transactions, offering users a seamless system to send and receive money anywhere on the planet.

Imagine a consultancy company based in East Africa that has customers in Europe and the United States. With traditional banks, they would experience delays, exorbitant fees and losses in exchange rates. But with Remittix, the company receives crypto and has local currency in their account instantly, no waiting and no stress.

It is this real-world solution that sets Remittix apart. Where XRP has been plagued by years of legal uncertainty and stifling legal battles, Remittix is emerging into a clean slate, prepared to continue the PayFi vision with even lower costs, faster transactions and simpler crypto-to-fiat conversions. It doesn’t just seek to compete, it builds upon the model that the PayFi token has forged.

More than a competitor, Remittix is drawing interest because of its own impact. The project’s presale is quickly selling out as investors flock to get involved early.

As crypto moves towards delivering real-world use cases and cutting-edge technology, Remittix is becoming a name that investors are keen to add to their portfolio before it's too late.

Clocking in at a valuation of over $117.58 billion and a 24-hour trading volume of $3.43 billion, XRP is certainly a hot commodity in the crypto market despite having recently seen a 45% drop in trading volume.

Currently trading at around $2.01, the token has been recovering well after the U.S. Securities and Exchange Commission (SEC) chose not to pursue its lawsuit against the PayFi protocol.

While most traders are expecting another leg up to take the token to at least $5 or $10, some X (formerly Twitter) analysts went as far as to call for a $1,000,000 price on Monday.

Of course, this is an extreme scenario that most likely won't happen. However, considering that a judge ruled in favor of settling the SEC case out of court and rendering new legal clarity on cryptocurrencies in the process, anything seems possible.

At least that's what Ripple CTO David Schwartz seems to think. In response to the X analyst, Schwartz stated that "those sorts of valuations may be less likely than they seem." He went on to say that "they may also be more likely than you'd think."

Still, not everyone is certain. With market sentiment shifting daily, short-term predictions vary. Some technical analysts believe that a move to $5 or $10 is much more likely, now that institutional investors may perceive XRP as less risky.

According to the charts of top market analysts, XRP is apparently forming a bullish continuation pattern. It would break major resistance around $2.25 and the next leg would drive the token towards $3.00 and eventually $5.00.

Moving averages are moving towards an upwards momentum. RSI is in the bullish zone and the MACD indicator shows a potential breakout area being formed. On-chain metrics indicate exchange reserves going down, which means investors are moving XRP to private wallets.

This action typically reduces sell pressure, paving the way for upward momentum. The majority believe that with new legal clarity, XRP could get back onto the list of top-performing assets and create a domino effect on the crypto market.

How Investors Can Profit From the Ripple Price Prediction

If the Ripple Price Prediction does materialize, then early investors will stand to massively benefit.

That said, apart from investing in XRP, smart investors are also keeping an eye out for adjacent narratives most notably in the payment segment where Ripple has reigned supreme for years.

This is where Remittix enters the scene. Where XRP opened the gates for cross-border transactions to be executed faster,