Payment-focused tokens might champion this coming bull season with XRP price breaking beyond the $3 psychological support, XLM rising over 80% and Remittix on a 400% surge.
However, this rise is interesting because it shows patterns similar to previous bull markets. The growing institutional interest in these payment solutions could be a major driver toward mainstream adoption.
But while these past few days have shown the Ripple $XRP, Stellar $XLM and Remittix $RTX on a surging spree, is there more to expect? Here is a deeper look at the catalysts that could determine these assets’ direction in the next few weeks.
XRP News Predict a $10 Price Target This Year
The Ripple banking license application with the US OCC is one of the primary drivers pushing institutional interest lately, with the XRP price surging over 28% in 7 days. Furthermore, factors like the ETF speculations and the recent Dubai banks partnership have fueled a large buying sentiment.
According to expert predictions and fundamental deductions from XRP news in the last few days, the XRP price could hit $10 with growing buying momentum. However, following the technical setup on the chart, the XRP price needs to take a firm hold above the $3.20 resistance for a bullish continuation.
Meanwhile, while the last few days’ surge established a strong narrative for institutional buying, the price remains below the $3.20 resistance, showing a need for more buying force.
Will XLM Low-Cost Payment Focus Keep The Price Surging?
XLM 86% rallies in the last few days have brought it to the centre, with rising interest in factors pushing institutional buying. However, the payment solution’s low-cost service delivery has continued to top the list as the main driver.
This growth comes from fundamental factors such as its PayPal PYUSD integration and over 197M network operations recorded in June.
While the institutional adoption could take XLM price closer to $1, factors such as rising competition and a need to keep consistent price growth could pose an issue. Technical analysis shows that the XLM price needs to be claimed with $0.49 support to avoid a pullback.
Why Remittix Next Gen Utility Could See It Surge Higher This Month
Remittix breakout continues to add more strength every day with features that position it as the next frontier of cryptocurrency. Some of these features include:
- Cross-border crypto-fiat remittanceÂ
- Growing popularity as a low-cap project with high utilityÂ
- A user-centred approach to solving crypto pain points
- And a strong utility-driven value proposition driving a high whale interest
- Merchant account integration for businesses to receive crypto payments
There is more to expect from this new DeFi project, with less than $2M remaining to hit its soft cap. Analysts believe the Remittix breakout this year could revolutionise the crypto payment industry.
This is as it introduces a new solution capable of causing a market disruption. New and existing crypto traders also participate in the Remittix $250k giveaway as the project sets out to reward 10 users with $25k each this year.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/Â
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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