Ripple Price: XRP Must Reclaim $2.58 To Avoid Bearish Continuation

Ripple's price is back in the limelight with experts warning that XRP must regain the $2.58 resistance to prevent further retracement. Even though there has been a recent bull run, the token is under selling pressure as Ripple co-founder Chris Larsen sold additional XRP, something that happened previously and coincided with local highs.

Traders are now focusing keenly on this level to determine whether XRP can continue to maintain its bullish structure or sink into another corrective cycle. However, investor interest is gradually filtering back into payment-focused assets, who have the same real-world transactional emphasis as Ripple but are still in early growth phases.

Ripple Price Overview

Ripple (XRP) is currently selling at $2.49 a significant 4.08% gain in the past 24 hours. Market cap is still at $149.42 billion, with daily trade volume dropping to $3.63 billion, down 8.69%. The short-term up move has low recovery momentum but is still under pressure from major resistance at $2.55–$2.58 — an area that traders are monitoring to keep further progress.

Recent on-chain analyst reports indicate that short-term sentiment could be influenced by large sellers, such as Larsen wallets. 

Market Context And Technical Outlook

Ripple co-founder Chris Larsen has offloaded over $764 million worth of XRP since 2018, typically at big local highs. His recent 50 million XRP (worth approximately $120 million) transfer to fund an investment in Evernorth Treasury has reopened fresh supply pressure arguments on the market. 

However, his wallet still holds around $9 billion in XRP, which is an outstanding overhang some traders hold that could dampen the bullish momentum.

Technically, the value of Ripple is trading within a narrow band. A decisive breakdown over $2.58 would, quite probably, affirm strength and trigger a move to $2.65–$2.70, while failure to re-take that level can risk XRP probes of the underside at $2.32–$2.27, and potentially $2.20 if bearish continuation occurs. 

Remittix: Innovation In Global Payments

While Ripple is among the most established players in blockchain-based payments, Remittix (RTX) is a new entrant with a focus on streamlined cross-border crypto-to-fiat exchanges. 

At $0.1166 per token, Remittix has raised more than $27.7 million and sold more than 681 million tokens, indicating increasingly swelling confidence within the market in its PayFi model.

The legitimacy of the project was significantly bolstered upon verification by CertiK and becoming the #1 ranked Pre-Launch Token in CertiK Skynet. 

Beta wallet testing of the project is already active, allowing community testers to witness real-time crypto-to-bank transactions, a key feature that aligns with Ripple's vision of frictionless borderless payments.

Remittix has also listed on LBank and BitMart, with another listing in progress as soon as the project hits the $30 million milestone. A 15% USDT referral program offers rewards to users daily for posting links, along with a $250,000 community giveaway to expand reach.

Can XRP Reclaim $2.58 and Ignite the Next Rally?

The level of Ripple is on the edge of breaking. A rally over $2.58 could restore confidence and new flows, while another rejection risks extending the recent bearish trend. Larsen's sales add short-term noise, but Ripple's institutional integrations and ongoing utility still provide long-term value backing.

Meanwhile, payment-driven projects like Remittix are showcasing the capabilities of the next generation of blockchain networks to spur real-world adoption. With security credentials validated, a beta-ready functional product, and multiple exchange listings already in the pipeline, Remittix is amongst the most promising projects within the PayFi space.

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