Why trading Ripple makes sense?

Trading Ripple can be highly profitable due to their extreme price volatility. During past bull markets, Ripple would often rise hundreds of percent in the matter of a few days or weeks. The market rate of Ripple has fluctuated wildly, reaching an all-time high of over $3.60 per XRP, then falling to as low as 23 cents. PrimeXBT offers Ripple margin trading for both short and long positions – even both simultaneously. These can be opened in order to enable traders to profit from either rising or falling markets.

The crypto token known as Ripple, is actually called XRP, and is the native crypto coin for the Ripple blockchain protocol, developed by Ripple Labs. Due to the constant association with the Ripple protocol and parent company, the crypto-asset is often referred to as Ripple. Ripple, unlike Bitcoin or Ethereum, is aimed at disrupting the cross-border payment market and is a direct competitor to Western Union, MoneyGram, and even SWIFT wire transfers used at banks throughout the world. Ripple also differs from Bitcoin and Ethereum in the fact that each XRP address also must include a destination tag for a transaction to reach its intended recipient. When sent correctly, Ripple is among the fastest cryptocurrencies in the industry, and is capable of around 1,500 transactions per second. Ripple is commonly found in the top three digital currencies ranked by market cap, and has been a leader in the market for its entire history, earning it much trust with crypto investors.

What is Ripple trading?

Trading Ripple either involves buying and selling XRP tokens for profit or by trading Ripple CFDs. Ripple CFDs offer more flexibility and features over spot trading alone.

What is Ripple's ticker symbol?

Ripple trades under the XRP trading pair named after the protocol's native cryptocurrency token. Ripple trades on exchanges and platforms as XRP/USD and XRP/BTC trading pairs.

Why do CFDs make sense for Trading XRP?

Ripple is a highly volatile cryptocurrency asset that has traded in a bear market. Buying XRP has not been as profitable as trading it for the last several years.

Trading XRP against USD and BTC is possible on the award-winning PrimeXBT platform, offering CFDs on crypto, commodities, stock indices, and more. Register for a free account and build a position in XRP in just a few easy steps.

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Ripple trading

Start trading Ripple on PrimeXBT with its user-friendly interface and powerful trading tools. Go long and go short to profit from both rising and falling prices

Ripple (XRP/USD, XRP/BTC) trading has been suspended on 05/02/2021.

Trade Ripple

Ripple, also known as XRP when referring to the cryptocurrency token, is a crypto-asset intended to be used as a real-time cross border remittance alternative to SWIFT and other money transfers. It is created and run by Ripple Labs, a US-based technology company.

Ripple is usually found in the top three crypto-assets by market cap and is an appealing investment for traders because of its aim of disrupting cross border payments. Traders on PrimeXBT can take advantage of advanced trading tools and strategies for XRP.

PrimeXBT is a cutting-edge online trading platform offering traders all the tools necessary to buy, sell and trade Ripple in the cryptocurrency market. PrimeXBT features a third-party service called CEX.io that allows the exchange of other crypto-assets, fiat currencies, and more for Bitcoin.

In addition, users can purchase Bitcoin with a credit or debit card to fund their trading accounts and get started trading Ripple immediately. Alternatively, users may deposit their own Bitcoin to the PrimeXBT wallet BTC address.

Why trade Ripple with PrimeXBT

Easy to startStart trading in minutes with quick and easy registration procedure, and low minimum deposit
Low trading feesSave on fees! Benefit from PrimeXBT’s low commission rates and tight spreads while trading all available assets
Secure tradingEnjoy PrimeXBT’s security features that will ensure your personal data and funds are always safe.
Best-in-class trading platformPrimeXBT’s award-winning software offers traders a variety of professional trading tools. Access cryptocurrencies, stock indices, commodities, and forex from a single account!

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How does Ripple margin trading work?

Margin trading is the process where a trader buys more Ripple than they have capital on their account. It means that the trader is borrowing money from PrimeXBT in order to purchase more Ripple for their trade, in order to free up their own capital.

The margin trade is linked to leverage, where leverage is the opportunity provided by a platform to open a speculative position worth a much larger amount of money than you have at your disposal. This position leverage enables a chance for gains to be multiplied, but losses too.

The benefits of Ripple trading with leverage

Magnified profitsMargin trading is known for its ability to make larger trades compared to deposited amounts. Margin trading is one of the most effective ways to increase potential returns
DiversificationMargin trading means there is more available traders' capital left on the account which can be used to open new positions. Diversification allows to reduce market risk.
Gaining from the market fall.Margin trading also allows traders to open long and short positions in order to profit from both growing and falling market.

Ripple leverage trading example

For example, If a trader takes a short position of 1,000 XRP on 10x leverage, and the price of Ripple falls 3% the trader will earn a profit of 300 XRP. A similar spot trade without leverage would result in only 30 XRP earned.

Disclaimer: Margin trading also comes with inherent risks if the position moves against the trade. You should never utilize 100% leverage and never invest more than you can afford to lose.

Normal trade

Leveraged trade with PrimeXBT

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How to start trading Ripple

1
Create Your account
Create a new account on PrimeXBT in less than a minute. Only a registered E-mail is needed to begin.
2
Fund Your account
Easily deposit funds to your personal trading account. We don’t charge any fees on deposits.
3
Begin trading
After you have made your first deposit to the trading platform, and funded your trading account, you may start trading indices immediately.

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It’s free to open an account, and there is no obligation to fund or trade.