XRP New Price Support Confirmed At $2.60 As Stellar (XLM) Holders Back Remittix For Maximum Gains
The post XRP New Price Support Confirmed At $2.60 As Stellar (XLM) Holders Back Remittix For Maximum Gains appeared on BitcoinEthereumNews.com.
The broader crypto market loss has pushed the ongoing battle in the crypto payment sector into the spotlight. Ripple’s XRP price clings to its new $2.60 support after losing the $3 battle, and Stellar (XLM) struggles to recover institutional confidence. Elsewhere, a new PayFi token, Remittix (RTX), is quietly rewriting the rules of cross-border payments. Many XLM holders are now pivoting into Remittix, betting on its unique approach to solving the cross-border payments problem. XRP Price Holds $2.60 Support After Sharp Drop After a sharp 6% decline, XRP price has dropped to $2.82, with liquidation volumes climbing. Analysts warn bearish momentum could pull XRP lower, though a key support has now formed at $2.60. XRP Price Chart | Source: TradingView Liquidations continue to weigh heavily on XRP. CoinGlass data shows over $2.95 million in liquidations, with shorts driving the decline. A recent whale transfer of 30.5 million XRP to Coinbase has only added to speculation of a sell-off. With XRP’s market cap falling nearly 6% and short positions dominating, the bearish outlook is clear. Traders now look at $2.60 as the critical support zone. Losing that could expose XRP to further downside in September. Stellar (XLM) Declines As Institutions Retreat Stellar’s network continues to grow, with nearly 10 million registered accounts and thousands of new corporate wallets daily. Yet, XLM’s price action tells another story. Heavy institutional selling drove the token to $0.36, with technical resistance forming near $0.373. XLM Price Chart | Source: TradingView The late-session rebound suggests some accumulation, but sentiment remains cautious. Stellar’s reliance on large-scale corporate adoption exposes it to global trade uncertainty and keeps retail investors on the sidelines. Why XLM Holders Are Rotating to Remittix While XRP and XLM continue to battle sentiment-driven swings, Remittix (RTX) is emerging as a payment-first altcoin built for…
Filed under: News - @ August 31, 2025 10:26 am