You can use the default AppStream to upgrade PHP instead of using external repositories now.
# dnf module list php

To enable PHP version 7.4, simply use the command:
# dnf module enable php:7.4

You may encounter error of not possible to switch stream with an error like below:

If that is the case, then use the following command to reset:
# dnf module reset php

After the module is enabled to ver 7.4, you will need to switch to 7.4:
# dnf module switch-to php:7.4

After that, PHP is upgraded to ver 7.4
