The latest discussion around Ripple and XRP comes after a sharp market move that some reports estimated erased more than $19 billion in value over roughly 15 hours. The move was widely linked to renewed US–China trade tensions, and XRP fell by more than 50% during the session, according to market data cited by commentators.
Amid the volatility, some market participants have pointed to Remittix, a PayFi project that says it has raised over $27.4 million, with 678 million tokens sold at $0.1166 each. In online commentary, it has been compared to XRP due to its stated focus on payments and its described supply model; these claims should be treated as project-reported and not independently verified here.
Ripple Price Update: The Aftermath Of A Sharp Sell-Off
Source: Kamran Asghar
Near-term expectations for XRP remain uncertain following a fast sell-off. Some commentary described a rapid drop in XRP’s market capitalization during the move. Whale Alert also reported that, during the sell-off, more than 23.8 million XRP were moved to Binance; such transfers do not, by themselves, confirm intent to sell or predict price direction.
After a brief rebound, XRP was described as trading near $2.58 at the time of writing in the original draft; however, short-term levels can change quickly. Some analysts cited the $2.60 area as a level to watch, while noting that a move toward $2.30 or lower remained possible if selling pressure continued. With $2.40 mentioned as a nearby support zone, traders may continue to see elevated volatility alongside broader-market moves.
Remittix: A PayFi Project Drawing Comparisons With XRP
While XRP market discussion has focused on volatility, Remittix has drawn attention in some corners of the market. Project materials describe it as a PayFi-focused DeFi product intended for cross-border transactions, including the ability to send crypto to recipients in multiple countries with fees that the team describes as low.
The project also states that it has undergone a CertiK audit and that its tokenomics are transparent. These points are based on project and third-party statements and are not a guarantee of security, adoption, or performance. Unlike XRP, which is often discussed in relation to institutional and banking use cases, Remittix is presented as targeting individual and business payment flows that bridge crypto and fiat.
- The project says it has raised $27.4 million with 678 million tokens sold
- The project claims coverage across 30+ fiat currencies and 40+ cryptocurrencies
- The team says a wallet beta is available for crypto transfers
- The project reports a CertiK audit; readers should review audit scope and dates in the original materials
- The project describes token supply mechanics it characterizes as deflationary; this does not imply future price appreciation
What Supporters Cite When Comparing Remittix And Ripple
Some supporters argue that payment-focused crypto projects may benefit if interest in DeFi and PayFi applications continues to grow. However, comparisons between projects can be misleading because they differ in maturity, market structure, regulatory context, and adoption. Any outlook for 2025 remains speculative and subject to significant risk.
Project links (for reference):
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
This article contains information about a cryptocurrency token sale. This article is for informational purposes only and does not constitute financial or investment advice. This outlet is not affiliated with the project mentioned. As with any initiative within the crypto ecosystem, readers should do their own research and carefully consider the risks involved.
