At the moment investment in new altcoins is very risky and you might end up losing your money. It is always better to invest in established projects that have survived the market for many years. It is better to invest in ETH, XRP, LTC and DOGE, compared to new coins. Although the ROI might not be very high, your investment will be somewhat secure. The majority of the new projects are actually cashing out the market sentiments.
Investment in XRP is also risk, SEC is ruling over it. If Elon stop supporting Doge, it will turned out to be meme project again. All new coins are not risk, proper research needed before investment.
He said altcoins so XRP is already included on it. Risks are normal. Even BTC has it too. We need it. As long as we know what we are doing, we can make overcome it. Many altcoins are still legit including XRP. And XRP is now free from the curse of SEC, so people should not doubt on it anymore. They better buy more now, now that XRP have once again fallen because I believe that once the bull run returns, it can also pump huge.
Elon and DOGE has nothing to do with XRP. XRP is not a meme coin but it's a serious one. It was even backed by the banks. Elon is a meme coin lover and the guy had some mental problems so he can play with the peoples emotions. We should avoid the meme coins he got involved with.