A crypto expert has called attention to bullish divergence patterns on the XRP chart, noting that another upswing might be underway. This prediction comes after XRP had experienced a considerable price drop, shedding a large portion of the gains accumulated in the past months.
The analyst believes these bullish signals could launch XRP towards the $10 region, triggering the much-anticipated altcoin season that would inevitably impact RCO Finance (RCOF) if they pass.
Let’s find out how these patterns could influence RCOF’s market value.
Expert Acknowledges Bullish Divergence Patterns In XRP Market
Using technical analysis, Javon Marks, a cryptocurrency analyst and X user shared a very bullish price prediction of XRP in a tweet on August 6. Marks revealed that XRP initiated a bullish campaign aimed at a breakout but corrected it shortly after. Based on market data, the coin rose from $0.43 on July 1 to $0.65 on July 31.
The breakout was from a multi-year descending triangle structure, as shown on Marks’ XRPUSD monthly chart. This pattern, represented by a string of lower and lower highs, was formed after XRP hit its $3.4 all-time high price level in 2018. However, it has become smaller in the last six years due to consolidation and mitigated volatility.
This triangle has contracted over the last few months, resulting in a breakout last month. Although XRP is trapped inside the triangle again, Marks has expressed optimism about its eventual escape. He substantiated this optimism by pointing out a riveting mutuality between XRP’s price and its Relative Strength Index (RSI) momentum indicator.
Javon Marks expects XRP to soar above $10 conservatively, with the RSI hinting at an impending bullish reversal. More extensively, he believes the coin could rally as high as $100 and beyond, printing over 10,000% gains. XRP is trading at $0.50, down 2% in the last 24 hours.
Analysts Are Bullish On RCO Finance
Like XRP, RCO Finance is also flashing a bullish signal, indicating that the altcoin season might be at hand. Analysts believe now is the best time to get acquainted with this Ethereum project before it attains the same level of influence in the crypto market as established coins like XRP.
Built on the Ethereum blockchain, RCO Finance seeks to change the status quo in the investment landscape, focusing on the financial market. Integrating an AI-powered robo advisor offers a decentralized trading platform that incorporates traditional assets such as stocks, shares, derivatives, exchange-traded funds, cryptocurrencies, and real-world assets, allowing investors to create a diversified portfolio of financial instruments.
This robo-advisor, a machine-learning technology that does not require human intervention, can help triangulate the market for the best investment option by studying past trends, patterns, market structures, and price performance of several assets to determine their future behavior and curating a customized strategy that matches an individual’s preferences and guarantees profit.
Not only does it provide real-time AI-powered forecasts, but it also offers constant market coverage, keeping users up to date on recent market developments.
In addition, the platform issues low-interest loans and a debit card that is tenable worldwide, charges low trading fees, and grants access to automated market-making and advanced tools. For stakers, RCO Finance is the best platform for the stake, given its high staking APY.
The platform has undergone several security checks conducted by SolidProof to ensure the safety of users’ funds and assets. Also, being a KYC-free platform, users need not submit their personal information, which is common to centralized exchanges. As a result of these factors, analysts and experts are bullish on RCO Finance, which is visible in RCOF’s presale.
Experts Make Bullish Predictions For RCOF
Experts have recently shared bullish forecasts regarding RCOF. They believe the coin is poised for greater heights, starting from its presale. RCOF is in its presale stage, trading at $0.0343 per token.
By the end of this Stage, investors will gained over 300% of their initial capital. However, when RCOF launches at the speculated price of $0.4 or $0.6, the gains would run up to 3,000%. This forecast presents RCOF as the best crypto to invest in today.
For more information about the RCO Finance Presale:
Join The RCO Finance Community
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of BTCNews. BTCNews does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
