XRPUSD is the ticker symbol for XRP (Ripple). XRPUSD is a Cryptocurrency CFD. XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized blockchain.
The standard contract size for XRPUSD is 1 with 100 lot minimum tradeable.
The minimum trade size for XRPUSD is 100
CFD trading is extremely risky. Trading any leveraged product carries significant risk as you have the ability to open positions that are far larger than your account balance.
We offer competitive leverage rates which are determined by the Afterprime entity you register with. Read more here
One Cryptocurrency point is normally = to 0.001 unit of base currency. For instance, one Cryptocurrency point of XRPUSD is = to 0.001 USD.
Many traders are interested in profiting from cryptocurrency but don't know where to start. In this blog post, we'll discuss XRPUSD trading strategies that can help you make money in both rising and falling markets. First, let's briefly review what XRP is and how it works.
Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company. Ripple is built upon a distributed open source Internet protocol, and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes. Released in 2012, Ripple purports to enable "secure, instant and nearly free global financial transactions of any size with no chargebacks."
One billion XRP were created at Ripple's inception, with no more allowed to be created according to the protocol's rules. By early November 2017, the circulating supply of XRP was approximately 38.7 billion units, out of a total supply of 100 billion units. At its peak in early January 2018, the market capitalization of XRP was over $140 billion. As of April 2021, XRP was trading at $1.22 with a market capitalization of $56 billion.
The key to profitable trading is to have a strategy that takes into account both the risks and the potential rewards. With that in mind, let's look at two possible trading strategies for XRPUSD - one for bullish markets and one for bearish markets.
In a bullish market, the best strategy is often the simplest - buy low and sell high. For this setup, you'll want to wait for XRPUSD to drop to a support level before buying in. Once you've bought your position, hold onto it until XRPUSD hits a resistance level and then sell.
The key here is patience - don't try to time the market perfectly, as that's often an impossible task. Just buy when prices are low and sell when they're high, and you'll likely end up making a profit over time.
In a bearish market, you can still profit by taking a contrarian approach - selling when everyone else is buying and buying when everyone else is selling. For this setup, you'll want to wait for XRPUSD to reach or exceed a resistance level before short selling. Once it drops back down below that same level, cover your position and take your profits.
Remember that timing is everything with this strategy - if you short sell too early or cover your position too late, you may end up losing money instead of making it. But if you can stay ahead of the market's trend changes, you can use this setup to your advantage even in bearish conditions.
There you have it - two simple yet effective trading strategies for profiting from Ripple's native token regardless of market conditions.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
The Afterprime liquidity mix for the cryptocurrency market has been specially designed to cater for all cryptocurrency trading styles. Enjoy trading on XRPUSD with fast speeds and low costs.
Execution From < 1ms
Deep sweepable liquidity
Trading CFDs and FX is high risk and not suitable for all investors. Losses can exceed your initial investment. Any Information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation, or needs. Our Risk Disclosures and Legal documents should be considered before deciding to enter into any derivative transactions.
The information on this site is not directed at residents of the following countries: Australia, United States, China, New Zealand, Japan, and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Afterprime Ltd (Seychelles company registration number 8426189-1) is a Securities Dealer, authorised by the Financial Services Authority (FSA) with licence number SD057. The registered office of Afterprime Ltd is 9A CT House, 2nd floor, Providence, Mahé, Seychelles.
Afterprime Ltd (BVI Company registration number 1519429) is authorised to provide financial technology and brokerage support services. The registered office of Afterprime Ltd is Portcullis Chambers, 4th Floor, Ellen Skelton Building, 3076 Sir Francis Drake Highway, Road Town, Tortola, British Virgin Islands VG1110.
Payment processing performed by SC Afterprime Limited a Cyprus incorporated company with registration number HE 615319 and registered office at Archiepiskopou Makariou ΙΙΙ, 160, 1st Floor, 3026, Limassol, Cyprus.
The entities above are duly authorised to operate under the Afterprime brand and trademarks.
© Copyright 2023 Afterprime. All rights reserved. All trademarks, service marks, trade names, trade dress, product names and logos appearing on the site are the property of their respective owners | Sitemap