FIRE RED CHERRY SHRIMP is the higher quality version of the regular Cherry Shrimps. These shrimps have been selveively bred for the darker, solid and evenly of the red coloration through generations of cullings. Their striking  red  coloration helps them to  stand out  against any backdrop, plants, or substrate in any aquarium.They are also excellent clean up crew for the plated tank becuase of their waste management and algae control ability.
 
*Grading: 
Cherry is actually prefer to the grading of the shrimps, rather than the acutally name of the shrimps.
Another grade are Sakura, Fire Red, Painted Fire. The lower the grade the lesser red colorations the srhimps will be.
Grade lowest to the highest (mainly based on color solidity)
Cherry
Sakura
Fire Red
Painted Fire Red
 
Like many other Neocaridina Freshware shrimps, Fire Red Shrimps shares the same similar behavior when it come to caring, feeding and breeding:

Caring
Fire Red Shrimps are tolerant to a fairly wide range of water parameters, making them excellent for pairing with other species. As long as the shrimp are acclimated properly to your chosen parameters and are not subjected to extreme changes in temperature or acidity, they are adaptable and resilient. They will tolerate soft or hard water. The ideal water parameters are 70°-85° F with 7 to 7.5 pH. However, as mentioned, you may keep them outside of these parameters as long as the shrimp are protected from extreme or frequent fluctuations. Stabilization is the key to successfully keeping and growing your shrimps colony

Feeding
Fire Red Shrimps will accept a wide variety of foods, and in planted tanks may be able to survive off of scavenged biofilm and algae. A colony of these shrimp works as a very effective cleaning crew for your aquarium, cleaning up algae and waste.  They are very popular for planted tanks and community tanks, and many people use them in large aquariums for waste management and algae control. Only if there are too many shrimps in your tank for the available algae and biofilm, or not enough plants to produce it, you can supplement their diet with algae tablets, blanched vegetables, or any other shrimp food.
Also, keep in mind, it is very important not to overfeed your shrimp, as this can be harmful to their health and even result in death. Increased waste from overfeeding your shrimp can impact your nitrogen cycle and increase tank maintenance, as well as harm your tank’s inhabitants.
Feeding shrimp once per day is usually enough, especially if biofilm and algae are available. If shrimp are not responding to food, or leave food uneaten for more than a day, remove the food and decrease feeding. Especially in mature planted tanks, your shrimp may not need supplemental feeding very often.

Breeding
Fire Red Shrimps are eager breeders given comfortable water parameters and a sufficient food source. Once the shrimp reach maturity, and if there are males and females present, they should breed naturally and frequently. It is recommended to purchase 8-10 shrimps to ensure that there are enough male-female pairs for successful breeding.Generally speaking, once the shrimps are fully- grown, male shrimps are generally smaller, lighter in color than females, and exhibit lower color grades. Female shrimp have slightly larger tails and display a “saddle” formation on the upper body, behind the head, where eggs are stored before fertilization. When female shrimp are “berried”, or have eggs ready for fertilization, the saddle shape will appear more prominent. Once ready for mating, female shrimps will molt and release pheromones that the male shrimp respond to with frenzy. After the eggs are fertilized, they will be moving down to the female’s belly where the berried female will fan the eggs for about 4 weeks of gestational period.  After about 4 weeks, eggs will hatch into little shrimplets. The shrimp fry will feed from the same food sources as their parents, and will molt frequently during their early life stages. Leave molted shells in the tank, as the shrimp fry will consume them for extra minerals like calcium that will help their growth. Keep in mind that if you are keeping shrimp with other species of fish, or possibly aggressive shrimp species, this may affect reproduction. If the shrimp feel threatened or don’t have places in your tank to hide they may not breed.