It’s been a long and eventful few weeks for Ripple (XRP), one of the crypto market’s best and most consistent performers. Historically, XRP has topped the crypto charts and dominated the markets, but that trend seems to have reached its end this time around. Crypto analysts have suggested that XRP could face heavy sell pressure over the next few weeks after an extended period of depreciation in the XRP price. At the same time, another payment token is making the rounds in the crypto industry and has already been dubbed the “XRP 2.0.” Analysts believe that RTX, the native cryptocurrency of Remittix , an upcoming PayFi project, could rapidly surge in the crypto market when it eventually launches and generate as much as 5000% gains. Slow movements in XRP price could trigger heavy sell pressure: analysts It is rare for extended periods of poor performance in the crypto market not to have severe consequences later on, so in a way, this outcome was to be expected for Ripple (XRP). Although it is a top-five cryptocurrency by market cap and one of the best-performing altcoins in the last few years, the token has fallen below its standards over the past few weeks. Analysts are now predicting that it could face severe sell pressure due to this. If they are correct, the XRP price could fall even lower than it already has over the next few weeks. Despite this, it may not be all gloom and doom for payments-savvy investors. Analysts believe that despite the poor performance in the XRP price, another payment token could perform exceedingly well in the bull market. Analysts tip RTX to become ‘XRP 2.0’ in ongoing cycle Remittix’s native RTX token has received a huge boost ahead of its launch, as analysts have dubbed it the ‘XRP 2.0’ following the latter’s slump in the crypto market. The token certainly has what it takes to become the next top payments token in the market and could likely become that if the early reports are accurate. Remittix has attracted lots of interest from crypto analysts and spectators alike thanks to its perceived interest in not only improving global payment experiences but also solving the fragmentation issues within the payments sector. It is set to achieve this with a range of features and services, such as: Direct crypto-to-bank transfers in over 30 countries worldwide 20% referral rewards for onboarding new users Discover the future of PayFi with Remittix by checking out their project here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix $250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway The post XRP faces heavy sell pressure as 94% of supply in profit: experts tip 'XRP 2.0' rival to shine appeared first on Invezz
