XRP is a type of digital money that can be bought and sold. In the past 24 hours, its value went down by more than 3%. This means people are not paying as much for it as before. The chart shows how its value changed over time. It also tells us that more people are buying and selling XRP lately. But it is still one of the most popular digital money types out there. Read from source...
1. The title of the article is misleading and sensationalized, implying that XRP has fallen sharply in a short period of time, when in fact it is only a minor drop in the context of its volatility and price history. A more accurate title would be "XRP Experiences Minor Price Decline Over Past 24 Hours".
- Buy XRP as a long-term investment with a target price of $0.75 by the end of 2024, based on its potential to become the dominant digital asset for international payments and remittances. The risk is that the SEC could regulate XRP as a security, which would negatively affect its price and liquidity.
- Sell XRP in the short-term with a stop loss of $0.35, as it is currently overbought and due for a correction. The risk is that the market sentiment could turn against XRP, causing a further drop in price and demand.