Is XRP (Ripple) a Good Buy for Less Than $3?
After a sharp rise late last year, the price of XRP (Ripple) has fallen.
Investing in cryptocurrency is not for the faint of heart. Although it is possible to make money in cryptocurrency, analyzing this industry requires much more due diligence and risk tolerance compared to picking stocks.
Unlike corporations, there aren't quarterly earnings calls for cryptocurrencies such as Bitcoin or Ethereum. For this reason, the prices of these assets generally move based on narratives as opposed to tangible details and business updates. This can make it challenging to discern which tokens are more worthwhile than others because the cryptocurrency landscape is packed with scammers, meme traders, and hypesters.
However, one crypto that could be in a position to rise significantly from current levels is XRP (CRYPTO: XRP).
