Questions about the XRP price rising to $0.8 or $1 are becoming more frequent as investor excitement grows toward Ripple. However, a prediction has raised doubt about XRP reaching $1. Luckily, investors may still have another promising altcoin to keep an eye onâRCO Finance (RCOF).
This cryptocurrency, rumored to be one of Rippleâs rivals, has significant growth potential. But is it the right DeFi token to buy today? Well, letâs see.
Beat the Market: RCO Finance Automates Investment Decisions for You
While the analysts cast doubt on the likelihood of XRP crossing the $0.8 or $1 threshold anytime soon, RCO Finance (RCOF) might be a better option to bet on.
Those willing to draw attention to more effective investment management will find RCO Finance especially appealing, regardless of their investment experience.
RCO Finance offers a financial product called the Robo Advisor that eliminates the need for brokers and advisors. This trading automated feature helps simplify the investment processes and removes most of the difficult aspects normally associated with finance.
The fees are very friendly, especially for investors willing to start small and have their investments grow into reasonable wealth.
RCO Finance offers its clients access to quotes for more than 12,500 types of assets offered in international markets, various types of derivatives, real-world assets, etc.
With the recent introduction of DeFi cards, RCO Finance allow investors to invest in decentralized finance protocols and projects, providing a way to diversify an investment portfolio in the DeFi space.
The website of RCO Finance has also engaged partnerships with key market icons such as CoinTelegraph, SolidProof, Bitcoinist.net, and Finbold. Such partnerships do not only build up the credibility of the platform but also offer users useful information and retrieved resources.
XRP Price Targets $1 But Stumbles as Technical Factors Align Against It
For quite some time, Ripple (XRP) has been ranging between $0.559 and $0.598. Recently, it experienced a surge of over 4.5% in a single day, resulting in the liquidation of $1.14 millionworth of short positions.
Following this spike, more traders began using futures to go long, anticipating further price increases. However, the price soon reversed, leading to margin calls totaling $241,700 on long positions. Currently, the XRP token is trading around $0.5899, reflecting a more than 4% increase over the past week.
As it is seen in the technical charts, Ripple (XRP) is currently trading higher than the 200 EMA, which is a favorable position of an upward trend. Although there is still doubt as to whether the DeFI crypto will hit the $1 mark since it has more barriers to overcome which might not be that easy.
RCOF Token Presale: Buy Now for Potential 1,550%
Due to the current speculations about XRP price, where hitting $0.80 or even $1 may be out of reach, investors might need to look at RCO Finance as their next option. Holding RCOF tokens offer a number of favorable financial advantages making it a long-term investment.
During the ongoing token presale, investors can acquire the token at a significantly reduced altcoin price. The second phase is priced at$0.0344.
Subsequently, the presale token could appreciate in value, potentially reaching $0.60, surpassing XRPâs year-to-date gains once it begins trading on exchanges.
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