XRP achieves an average risk analysis based on Investors Research. The proprietary system measures how much a currency can be manipulated by analyzing how much money it has taken to change its price in the past 24 hours along with analyzing recent changes in volume and market value. The scale is between 0 and 100 with lower scores equaling higher risks and higher values representing lower risks.
XRP’s current degree of risk means that it is a relatively moderate risk investment. Investors who are primarily interested in assessing risk will find this degree very useful for avoiding (or perhaps seeking out) risky investments. The price of XRP has fallen by 4.76% in the past 24 hours, bringing its current value to $0.93. The change in price is consistent with the volume being below its average while the market value of the currency has risen over the same time period. The cryptocurrency market cap is now $44,061,142,487.54, while $3,505,204,281.13 has been traded in the past 24 hours. Fluctuations in price relative to changes in volume and changes in market capitalization give XRP an average risk analysis.
XRP’s price volatility over the past 24 hours leads to an average risk analysis due to price volatility as well as changes in trading volume, giving investors a reason not to be overly concerned about the possibility of currency manipulation just yet. Click here for the full report on XRP (XRP).