But just how volatile? We can look at the measure of 30 day historic using an chart study called HV(30) which is currently showing an annualized of 333% on XRP at this time. To better understand how volatile this is, we can compare the S&P 500 which has been measured at record lows of under 10% annualized. To better comprehend an asset this volatile, we can also look at the on a shorter time frame to estimate a typical price range for the next 24 hour period.
Using a formula of :
333% / sqrt(365) = 17.43 we can assume the normal price range of XRP (68% of the time) will be +/-17% over the next 24 hours.
If you're thinking this seems like a very wide range, that's the key point here! The measured price moves are extremely volatile and (in contrast to the speculators pumping up the price of XRP to the next all time high) quite reasonable to expect the price to suddenly drop by 17% overnight (or even 34% when a two standard deviation move happens).
It's essential that speculators understand the risks associated with throwing their cold hard cash into the crypto currency game. Sadly, all too often the euphoric crowd can silence any real serious discussion of uncertainty and risks.. just at the time when it is needed the most.
Started XRP from 0.24, and lost so much on theese vibrations between sell-buy.
It is clear now Xrp should be kept and bought more if possible.
Just my opinion