Thinking of trading XRP/USD?
- 1. Regardless of the bad publicity that Ripple might be piling up due to not following the steps of many of their sister cryptocurrencies, it has raised to the top5. Something that indeed shares with the rest of Cryptos is that it is highly volatile, and it might hit double digits in a single day. This makes of the XRP/USD a great instrument for day traders. 2. Due to its differences when compared to other Cryptos, some of the factors that will affect the cryptocurrency ?s price will differ from those of Bitcoin and Ethereum. In that case, the pair XRP/USD is a great addition to diversify the portfolio.
Trading CFDs involves significant risk of loss
How would you like to trade XRP/USD?
- Tight spreads & reliable execution
- 70+ pre-installed indicators
- Custom indicators
- 26 time frames
- Live Sentiment data
- Chart trading
- Advanced Take Profit & Stop Loss
- Depth of Market
Trading CFDs involves significant risk of loss
- Vast selection of strategies to copy
- Efficient risk management
- Can start and stop copying at your will
- Flexible allocation of funds
- Detailed performance reports
- Full transparency & access to historical data
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Trading CFDs involves significant risk of loss
For beginners:
- Great choice of available cBots for various trading strategies and risk tolerance levels
- Simple Plug and Play functionality
For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade XRP/USD with Fondex. Our CFD trading platform is engineered to provide you with optimal execution speed while allowing you to access 3 different trading methods on the same interface.
1. One main problem that the XRP/USD might be facing, is the monopoly of XRP by its parent company, Ripple Labs. This is considered antithetical to the standard principles of any cryptocurrency. If this unpopular opinion was to spread, it might impact XRP and XRP/USD. 2. In May 2019 the largest Thai bank, Siam Commercial Bank (SCB) hinted that they are going to use Ripple (XRP) tokens. If this was to happen it would boost XRP price, and the pair XRP/USD would skyrocket.
Risk Disclaimer Fondex provides this content/feature as no more than information. In particular, no advice is intended to be provided or to be relied on as provided nor endorsed by Fondex, nor any solicitation or incentive provided to subscribe for or sell or purchase any financial instrument or to join and/or terminate any of the trading strategies. The Investor is solely responsible for the choice of the signal provider, choice of trading strategy, the choice whether to sell or purchase any financial instrument on his/her trading account and monitoring of the trading activities. All trading or investments you make must be pursuant to your own unprompted and informed self-directed position. Please keep in mind that past performance is no guarantee of future results.
For more information, please view the 'Risk Disclosure'