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XRP Faces a Barrage of New Risks. Is It Still a Buy?
As a coin that's inextricably linked to the volume of global money transfers, XRP (CRYPTO: XRP) is in a bit of a pickle at the moment. While it's unclear whether the new package of tariffs announced on April 2 by the Trump administration will actually be put into practice, it is no surprise that the coin's price fell by 8% on April 3.But the risks facing XRP right now are even larger than what investors might be expecting. For the right investor, however, this might be a compelling time to think about buying, so let's situate ourselves and chart a path forward.For the uninitiated, XRP is a coin that helps financial institutions reduce their expenses when transferring money internationally. Its transactions close nearly instantly, and its fees are negligible compared to older transfer technologies like the Society for Worldwide Interbank Financial Telecommunication (SWIFT).Continue reading
As a coin that's inextricably linked to the volume of global money transfers, XRP (CRYPTO: XRP) is in a bit of a pickle at the moment. While it's unclear whether the new package of tariffs announced on April 2 by the Trump administration will actually be put into practice, it is no surprise that the coin's price fell by 8% on April 3.
But the risks facing XRP right now are even larger than what investors might be expecting. For the right investor, however, this might be a compelling time to think about buying, so let's situate ourselves and chart a path forward.
For the uninitiated, XRP is a coin that helps financial institutions reduce their expenses when transferring money internationally. Its transactions close nearly instantly, and its fees are negligible compared to older transfer technologies like the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
