XRP experienced significant price fluctuations following a $600 million transfer by Ripple, causing the token to drop to the $2.96 support level—corresponding to the 0.382 Fibonacci retracement level. Despite this volatility, technical analysts note bullish signals including RSI divergence and a clean 5-wave structure, suggesting the correction phase may be complete. XRP found strong support at $2.94, with analysts eyeing a potential rebound toward $4.80 if current levels hold.
Meanwhile, Remittix (RTX) is emerging as a safe haven for traders seeking stability in the PayFi sector. The project has raised over $20 million and is preparing for its Centralized Exchange (CEX) listing on BitMart. Remittix focuses on low-cost, fast crypto-to-fiat transfers, supporting conversions for over 40 cryptocurrencies and enabling direct bank transfers across 30+ countries within 24 hours. Its wallet enters beta testing on September 15, 2025, enhancing its utility for cross-border payments.
Ethereum whales are diversifying into Remittix amid ETH's own volatility near the $4,000 support level. While Ethereum saw record institutional inflows of 649,000 ETH last week, its price struggles to maintain momentum above $4,224, with resistance near $4,400. Remittix's practical use case for freelancers, businesses, and remittance-dependent families positions it as a compelling alternative to established payment-focused cryptocurrencies like XRP and Ethereum.