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Ripple (XRP) plunges as the crypto market pulls back. Meanwhile, RCO Finance (RCOF) targets higher prices after starting Stage 3 of its presale. The crypto market’s recent retracement has seen Ripple (XRP) enter the red territory. As a result, even staunch supporters of this top 10 crypto have started eyeing alternative investments. Amazingly, the token stealing the show from XRP is RCO Finance (RCOF), an upcoming Ethereum-based presale altcoin. Why is RCOF Finance XRP’s current top contender, and can it topple this popular coin? Continue reading to find out! XRP Dumps 1% in a Week: Will Bulls Flip Bears Soon? XRP has showcased a weak performance over the past seven days after entering the red turf. Specifically, XRP has plunged 1% over the past seven days, slipping from $0.54 on October 16 to stabilize at around $0.53 as of October 23. XRP has bled despite the bullish news of Ripple revealing partners to its RLUSD stablecoin. This subpar performance explains why Ripple investors either abandon XRP or diversify their portfolios to hedge against further losses. Moreover, experts predict XRP will continue plummeting in the short term due to waning investor interest. In the long term, experts believe XRP will shoot up if Ripple Labs emerges victorious in its longstanding legal battle against the SEC. It is worth pointing out that Ripple has secured several wins against the SEC in the case thus far. RCOF: The Real XRP Killer? The subpar performance of the XRP price has left investors questioning the token’s ability to generate massive returns. As a result, investors are channeling their hard-earned money to RCOF, which has exceeded its presale expectations. Specifically, RCOF had raised $4.12 million during its presale. Impressively, RCOF has secured these funds despite being in the early stages of its presale. RCOF is currently…

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Filed under: News - @ October 25, 2024 11:20 pm