XRP to explode as SEC settlement reached; This cheap payment token is set to follow

Ripple’s settlement with the SEC could trigger an XRP price surge, and shine a spotlight on rising cross-border payment tokens like Remittix.

Ripple’s prolonged battle with the Security and Exchanges Commission (SEC) is drawing to a close. The regulatory agency recently confirmed that it has reached a settlement with the blockchain company, a development that sent the crypto world into a frenzy. 

The general feeling is that the XRP price is about to go on an explosive rally. But how high will it go? And more importantly, how will this judgment affect upcoming cross-border payment solutions like Remittix (RTX)? Read on to find out. 

SEC confirms XRP settlement agreement 

On the May 9, the SEC confirmed that its case with Ripple has been settled. In a letter to Analisa Torres, a United States District Court Judge for the Southern District of New York (SDNY), the SEC conveyed its position and also revealed that Ripple’s previous $125 million fine had been reduced to $50 million. 

This marks the end of the blockchain company’s legal tussle with the government agency. The disagreement spanned several years, threw XRP in a bad light and dampened its prospects. Following the development, the XRP price appreciated rapidly, heading towards $2.5 for the first time since March. 

XRP forecast: Expert predicts a rally towards $5 

According to renowned crypto analyst EGRAG, the XRP price is well-poised to rally to $4.85. Citing historical data, they predict that XRP could replicate its 2020-2021 run and fetch current investors returns of over 1,000%. 

Technical indicators agree with this bullish prediction. The XRP price just rose above the crossover resistance at $2.21 which was formed by the 50-day and 100-day Exponential Moving Averages. A strong breakout above the region would open the door for a breakout toward $4.85 and possibly $27, if we’re being exceedingly optimistic. 

How XRP judgment will affect Remittix 

Remittix is a PayFi protocol that champions cross-border crypto-fiat transactions. Basically, it connects blockchain with traditional payment networks, allowing anyone to send crypto tokens right from their wallets to the bank accounts of recipients in fiat. This payment solution is revolutionary and could usher a new era for the global remittances market. 

That’s because Remittix plugs a huge gap in cross-border payments, especially on the retail side. It banks the unbanked, executes transactions at lightning speed and the fees are extremely cheap compared with traditional alternatives. 

Obviously, the Ripple judgment is only going to accelerate Remittix’s growth. With regulatory hurdles out of the way, Ripple would appreciate and Remittix would follow suit. There’ll be more room for growth and Remittix will expand, spread its wings, and fly. 

Veteran crypto investors can see this. That is why Remittix is in the mix in their crypto portfolios. But that’s not the only reason Remittix is set to appreciate stellarly in the coming weeks. The coin is still in presale, available for just $0.0757 per token. This is a suitable entry point for the average investor. It makes RTX quite affordable, with loads of room for tremendous upsides and profits.  

Conclusion: Two payment tokens, one bullish future

The resolution of Ripple’s legal saga is more than just a win for XRP holders, it’s a green light for the entire crypto payments sector. With regulatory clouds parting, XRP is primed for a major run and all eyes are on its next move as bullish momentum builds. 

But while XRP grabs the headlines, Remittix is quietly positioning itself as the next big thing. Offering a compelling mix of utility, innovation, and early-stage upside, it promises a potential 100x return for investors. 

To learn more about Remittix, visit the website and socials.