SOL and XRP showed weakness this week, with both tokens attempting to hold key support levels. While technical indicators for each asset can be interpreted as pointing to a potential rebound, market sentiment appears mixed. Separately, an emerging Ethereum-based project, Remittix (RTX), is conducting a token sale and has outlined plans for a wallet release as part of its roadmap.
XRP Finds Support but Faces Crucial Test
The XRP price pulled back to around $2.83, with the $2.80–$2.95 region described by some analysts as a key level. Despite the move lower, traders have pointed to patterns including a bullish divergence on the 4-hour chart and a Dragonfly Doji on the daily candle, which can be interpreted as signs of weakening selling pressure.
Some technical commentary has discussed a possible move toward the $3.60–$3.65 range, but such scenarios are uncertain and depend on confirmation and broader market conditions. XRP is also described as forming a falling wedge pattern, which is often viewed as a potential reversal setup if confirmed. For now, market participants are monitoring whether price remains above key moving averages.
SOL Price Holds, But Bulls Are Treading Carefully
SOL fell about 5.7% over the past seven days, making it one of the weaker performers among the largest cryptocurrencies during that period. The token traded around $177.7 and hovered near widely watched levels. Some reporting has highlighted growth in transaction volumes (from 674 million to 816 million over roughly six weeks), while short-term price signals have remained mixed.
Price action has been testing the $175 area again, a level that has previously attracted buyers. The RSI has also moved below its 14-day moving average. If SOL falls below $163, some analysts have suggested the risk of a deeper pullback toward the 200-day EMA, though outcomes are uncertain.
Remittix Token Sale Draws Attention as Project Highlights Payments Use Case
As SOL and XRP trade near key technical levels, Remittix (RTX) has attracted attention primarily due to its ongoing token sale and its stated focus on crypto-to-fiat payments. The project reports it has raised more than $17.9 million and sold more than 579 million tokens at a reported price of about $0.0895 per token at the time of writing; these figures have not been independently verified.
According to the project’s materials, Remittix is being built for users who want to send crypto to fiat bank accounts. The team has said it plans to release a beta wallet with core functions as part of its roadmap. As with any early-stage project, timelines and delivery may change.
What the project highlights (as described in its materials)
- The team reports raising more than $17.9 million in its token sale
- The project mentions a marketing incentive (“bonus”) tied to participation in the token sale
- A beta wallet release is discussed as part of the roadmap
- The product is positioned as targeting cross-border payments and related use cases
- The project reports a token sale price of about $0.0895 per RTX at the time of writing
It remains to be seen whether the project delivers on its stated objectives, and market outcomes for any token are inherently uncertain.
Project links (for reference):
Website: https://remittix.io
Socials: https://linktr.ee/remittix
This article is for informational purposes only and does not constitute financial or investment advice. This outlet is not affiliated with the project mentioned. Press releases or guest posts published by Crypto Economy have been submitted by companies or their representatives. Crypto Economy is not part of any of these agencies, projects or platforms. At Crypto Economy we do not give investment advice; if you choose to invest in any digital asset, you should do your own research and consider the risks.
