XRP (Ripple) Plunged Below $3. Buy the Dip, or Run for the Hills?

The XRP (CRYPTO: XRP) cryptocurrency was created by a company called Ripple. It serves as a bridging currency that standardizes transactions within the Ripple Payments network, making it cheaper for banks to send money around the world.The U.S. Securities and Exchange Commission (SEC) sued Ripple in 2020, alleging the company was in breach of financial securities laws. But the case was recently dropped as a consequence of President Donald Trump's pro-crypto agenda, which sent XRP soaring to $3.65, the highest since 2018.However, the cryptocurrency has since declined by 25% , and it's now trading at about $2.75. Should investors buy the dip, or is this the beginning of a much steeper correction?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool