XRP has held its ground above the key $2 mark recently. Now, traders are questioning whether a breakout is truly on the way, or if whales are quietly dumping. Let’s take a closer look at what’s going on in recent XRP news, and whether there’s enough fuel for an upcoming bullish move.
XRP’s foundation looks strong
Pieces are steadily clicking into place for XRP. After a long legal fight, Ripple finally secured a major win earlier this year: the SEC confirmed XRP isn’t a security in the US. That ruling wiped away years of uncertainty.
Now, spot XRP ETFs are seen as the next major catalyst, with a possible spot ETF decision from the SEC coming up on June 17. However, most expect the green light to come around October.
In the background, XRP’s ecosystem is growing. In recent XRP news, Ripple’s RLUSD stablecoin has received official approval from Dubai’s regulator, a big step forward in its institutional ambitions.
Source: XPMarket
On-chain, things are active too. May saw 278,362 unique wallets, up from 252,000 in April, even though overall transactions dipped to 50.1 million from 54.8 million over the same period. NFTs and AMM usage are both climbing, with NFT mints rising to 2.56 million.
However, XRP’s price has been downtrending since mid-May. Is this just the calm before a breakout?
XRP price analysis: A key test ahead
XRP hit a low of $2.11 on May 31st, and tension is building under the surface. It peaked at $3.31 in January, since pulling back around -31% to $2.26. The key level is now $2.30, where the 21-day EMA sits. According to BraveNewCoin, a strong close could confirm a double bottom and kick off a rally to $3.
Source: TradingView
Whales seem to be watching the same levels. There’s been steady accumulation between $2.00 and $2.30, with large holders positioning ahead of a possible move. But until XRP clears resistance, it’s all speculation. Notably, the RSI sits at 39, the Chaikin Money Flow is negative at -0.17, and the MACD remains bearish.
If bulls fail to break $2.50—a key line aligned with the 50% Fibonacci level—a deeper correction could be on the cards, possibly down to $1.76.
Still, institutions are warming up. Futures trading on Coinbase launches this week, and confidence in a spot ETF is now at 93% on Polymarket. For XRP’s price, everything hinges on what happens at $2.50.
Remittix’s momentum continues to build
Remittix is building a crypto-to-fiat payment system that actually works for real people. With over 40 supported cryptocurrencies and 30+ fiat currencies in the pipeline, it’s aiming to make cashing out crypto into global bank accounts as easy as possible, with instant settlement and a simple flat fee.
The Remittix Wallet is now in development, with beta access set for Q3 and a full launch on app stores shortly after. They’ve also locked in legal frameworks, bank partnerships, and smart contract tools to support fast, compliant transfers. Businesses can also integrate the Remittix Pay API and accept crypto, with options to settle in fiat and convert into local currencies with over 50 crypto pairs.
With over $15.5 million raised so far and two-thirds of presale tokens gone, it’s full steam ahead for Remittix. Keep an eye out for the RTX token’s upcoming exchange listing.
What happens next?
XRP’s next move hinges on that $2.50 breakout. However, given strong fundamentals, it seems likely XRP will clear resistance. That could provide a tailwind for Remittix as the crypto payments space gains momentum, driving RTX higher as it continues to sell out presale stages. All in all, the next few weeks could be decisive for these two projects.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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