Is XRP (XRP) a Bad Investment Tuesday?

1 November 2022

in XRP

Reading Time: 2 mins read

XRP receives a low risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk.

InvestorsObserver is giving XRP a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on XRP!

Trading Analysis

XRP’s risk gauge score translates to a low risk investment at the moment. Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid (or discover) more risky investments.

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The price of XRP is 0.19% lower over the last 24 hours, leading to its current value of $0.46. The change in price goes along with volume being below its average level while the coin’s market capitalization has risen during the same time period. The crypto’s market capitalization is now $23,035,593,997.82, meanwhile $1,420,402,446.97 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give XRP a low risk analysis.

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Summary

The price volatility of XRP over the last 24 hours results in a low risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be confident on the coin’s manipulability as of now.

Click Here to get the full Report on XRP (XRP).