About Ripple and Ripple Trading
What is Ripple?
Ripple is both a company functioning as a payment network for global currency transfers and a cryptocurrency (XRP).
As it is much cheaper than other popular fiat currencies, Ripple allows low commission currency exchange. Also, this digital currency offers quick international transactions.
What moves XRP prices?
Regulation, supply issues, scalability, media news, technology or a wider adoption can impact XRP prices. Out of these, regulation and technology can have the biggest impact, as they are directly linked to the crypto's popularity and widespread acceptance.
How can you trade XRP?
You can trade XRP either through exchanges where you buy XRP tokens, or you can use various other solutions, including CFDs (contracts for difference). On exchanges, you cannot trade XRP without a wallet or an exchange account, which can be tricky for some people since it involves extra time to set them up. This approach is more suitable for long-term trading because you'd be waiting for prices to go up before selling.
You can also trade Ripple using Contracts for Difference. These allow you to trade the direction you prefer, either long or short and make use of leverage for a chance to increase your profits but an increased risk.
As Ripple is priced against the USD, here at CAPEX.com, you can follow the XRPUSD chart to trade on the price movements through CFDs. If you think that the XRP value will go up, you can open a long position (BUY). If you believe prices will decrease, you can open a short position (SELL). With us, you can trade XRPUSD from Sunday to Friday between 22:00-21:55 GMT. If you cannot trade at those hours, you can always pick another financial instrument, as we have more than 2100 instruments available, including popular stocks, currency pairs, indices, commodities, and others!