Is XRP (XRP) a Bad Investment Monday?

Monday, January 30, 2023 04:18 PM | InvestorsObserver Analysts

InvestorsObserver analysis gives XRP an average risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range.

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

See Full XRP Report

Trading Analysis

XRP's current risk score means it is a relatively moderate risk investment. Investors primarily concerned with risk assessment will find this score most useful in order to avoid (or potentially seek out) risky investments. XRP has traded -4.25% lower over the past 24 hours to its current price of $0.40. This shift has occurred while volume is below its average level and the coin's market capitalization has fallen. The cryptocurrency now has a market capitalization of $20,103,349,757.51 while $1,194,632,782.58 worth of the coin has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives XRP an average risk rating.

Summary

The price volatility of XRP over the last 24 hours results in an average risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be not overly concerned on the coin's manipulability as of now. Click Here to get the full Report on XRP (XRP).