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New XRP ETF in Brazil Fails to Support Price: 2.4% Decline

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by Giorgi Kostiuk

9 hours ago


A new ETF on XRP has been recently announced in Brazil, sparking interest among investors. However, XRP’s price didn't meet expectations and fell. A similar situation is observed with Solana. Meanwhile, Remittix is gaining attention in the payment market.

XRP Now Available in New ETF Format

Brazil has recently approved an ETF on XRP, allowing the asset to be publicly traded, not just by holders. This has generated optimism around Ripple, yet significant price increase hasn't followed.

XRP and Solana Prices: Recent Dynamics Analyzed

Despite positive news about XRP, its price fell by 2.4% in the last 24 hours. Similar dynamics continue for Solana, with its price dropping to $161.30, causing investor concern over further decline.

Remittix: A New Player in the Payment Market

While XRP and Solana prices remain volatile, Remittix is gaining traction in the $190T payment market, emerging as a promising alternative for investors due to its integration in payment systems.

Despite the introduction of a new XRP ETF in Brazil, positive price dynamics are yet to emerge. Solana is also experiencing a drop. Meanwhile, Remittix is reinforcing its position in the payment market, attracting potential investors.

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