XRP Death Cross Amid Price Slump as Remittix Secures $27M

Published: 2025-10-12 18:34:54 |

XRP faces a short-term downturn after dropping 9% to below $2.47, forming a death cross as the 23-day moving average falls below the 50-day. The 200-day MA at $2.38 now acts as critical support. Analysts note that holding above $2.40 could stabilize XRP and pave the way for a rebound past $3.10–$3.15, with upside to $3.40 on continued ETF inflows and institutional accumulation. On-chain data shows over $300 million in large-wallet accumulation, suggesting bullish momentum despite the bearish moving average crossover. Meanwhile, Remittix has raised over $27 million in its presale, selling 677 million RTX tokens at $0.113. The PayFi platform enables low-gas, cross-chain crypto-to-bank transfers in 30+ countries. Remittix features an AI-driven FX engine, deflationary tokenomics, a 15% USDT referral reward, and has secured listings on two centralized exchanges with a third pending. Ranking first on CertiK Skynet’s Pre-Launch leaderboard and completing KYC, Remittix is beta testing its wallet ahead of a full ecosystem launch. Traders may consider using Remittix as a hedge during increased volatility, including potential U.S.-China trade tensions. Overall, the long-term outlook for XRP remains cautiously optimistic, while Remittix’s rapid growth highlights its emerging dominance in the PayFi sector.

Bearish

XRP’s recent 9% drop and the formation of a death cross of the 23-day and 50-day moving averages signal increased short-term bearish momentum. While the 200-day MA at $2.38 provides support and analysts foresee a potential rebound if key levels hold, the immediate technical indicators remain negative. Combined with modest on-chain accumulation, these factors suggest cautious trader sentiment. Remittix’s strong presale performance offers an alternative hedge, but it does not directly offset XRP’s technical downturn. Therefore, the overall short-term impact on XRP’s price is bearish, even as long-term outlook remains cautiously optimistic pending ETF inflows and institutional demand.