XRP and Solana (SOL) Price Drops as Remittix (RMTX) Charges into the $190T Payment Industry

XRP has just joined the world of ETFs, with Brazil announcing its approval of the XRP ETF, a move that now makes it available to be openly traded

XRP has finally joined the world of ETFs, with Brazil announcing its approval of the XRP ETF, a move that now makes it available to be openly traded, not just by Holders. However, while the news has caused high optimism around the Ripple coin, the price has yet to show a significant reaction to this news. In a rather unexpected turn of events, the Ripple price has seen a drop of 2.4% in the last 24 hours.

This price drop comes as a surprise to many, especially considering the recent bullish momentum that XRP has been building up. Earlier this year, the XRP price showed promising growth, reaching highs of $0.90, an increase of over 200% from its lows in December 2022. However, the inability of the XRP price to break above the $1 resistance level has caused it to drop back to lows of $0.82.

Similarly, the Solana price has also continued to drop in the last few weeks, dropping to a 2025 low of $161.30. This is baffling, looking back at the Solana price growth earlier this year, which was on a bullish path. However, the inability of the Solana price to hold above $200 has seen it fall below the 50 and 100 SMA on the daily chart, raising concern about a further drop to $100.

However, as crypto adoption continues to grow, Remittix is charging into the $190T payment industry as a top altcoin to watch closely. Whereas, as XRP and Solana price continues to show uncertainty about their future, Remittix is becoming the better option for investors.

What is Fueling XRP and Solana Price Drop?

The crypto market was hit hard by global political affairs, from tariff wars to unrest in the Middle East and Ukraine. This saw the entire crypto market cap drop by 15%, moving from $3.65T in January to $3.10 in February. However, this drop is drawn from almost all the crypto assets in the market, with some seeing a drop as low as -50%.

The Solana price also took a hit during this drop, causing it to drop up to 45% from its all-time high in early January. However, while analysts predict the market might be stabilising already, with the Bitcoin price rising towards $99k today, the Solana price is still trading below $200. This shows it could still be in a bearish mode with a setup that analysts have projected could see Solana price fall to $120 soon. For Solana to resume its bullish ride, it will have to reclaim the $200 support to trade above the 7, 50 and 100-day SMA.

Similarly, the recent breakout of the XRP price below the 7 and 50-day Moving Average could signal a near-term sell-off. However, with the new ETF approval from the Brazilian authorities, we could see the Ripple price resume its bull run. Experts are showing high hope for the Ripple price’s bullish resumption following its progress in the crypto payment sector these last few months, showing 500% growth in the last four months.

What Could Be The Result Of The Current Momentum Around The Remittix Token?

To understand this more clearly, let’s start with the Remittix Exchange. The Remittix exchange has been making landmark progress in the cross-border payment sector using crypto. It helps users send money like regular payments to any bank account around the globe using cryptocurrency. This approach helps crypto users and businesses convert crypto to FIAT at a low fee, which can be sent to any bank account. But the most impressive part of the transaction is that it is delivered like a regular bank-to-bank transaction, which helps the sender achieve security and full decentralisation.

However, in the case of the Remittix token, this is a token that is set to help users get the best deal and faster transactions on the Remittix exchange. But more impressively, the token is still in presale while it has also continued to build momentum towards a bullish breakout.

The Remittix presale is fast approaching the soft cap, which marks the end of the presale but early investors are projected to see about 10x by the end of this presale. The presale is still ongoing, and you can join today to set up a winning streak that can still see you gain up to 5x by the end of the presale and up to 50x after it launches on exchanges.

Check the link below to start investing in the Remittix token today.

Website: https://remittix.io/

Socials: https://linktr.ee/remittix