Trade Ripple

The greatest benefit of trading Ripple CFDs is that you can trade the asset's price movements without needing to own it. When you trade through an exchange, you’ll need someone to be on the opposite side of the transaction – i.e. if you’re selling, you need to find someone to buy, and when you buy, you need someone to sell at the price you want. CFDs can be a quicker and more convenient option for traders looking to enter the markets.

Leverage is also another major benefit of trading Ripple via a CFD; something that is not an option if you hold the actual asset. Leverage, in essence, is short term credit a broker offers its client to be able to open a larger position. Leverage multiplies movements in both directions, which means it can magnify your potential returns – but also your losses. Using risk management tools like stop loss can help mitigate losses when trading.

You can choose to safeguard your trades with a premium add-on that ensures No Slippage at your desired stop loss rate. Activate with wider spread for total risk control.

One of the greatest advantages of trading with easyMarkets is the high level of choice. Not only do you have access to Ripple but also to 200+ other instruments to trade. We also offer some of the best trading conditions in the industry that allow you to analyze the markets and manage your risk. Additionally, you can choose to trade on mobile, our user-friendly and innovative web platform and the very popular MT4.

Ripple, or XRP, is a cryptocurrency but unlike Ethereum and Bitcoin – it is actually intended as a payment protocol based on blockchain. One reason that Ripple has garnered so much attention is that it has been adopted by over 100 clients, including mainstream financial services companies such as UBS, RBC, Credit Agricole, Santander, American Express and MoneyGram. Ripple was established in 2012 and claims to have the fastest payments settlements, is the most scalable amongst its crypto-counterparts and has negligible energy consumption.

XRP is the symbol for Ripple on easyMarkets trading platform.

This is entirely dependent on your trading goals and tolerance for risk. For instance, cryptocurrencies like Ripple may not be suitable for a trader with a low-risk appetite due to the significant price swings they can experience. However, it may be suitable for a trader who is comfortable with higher risk and volatility. It’s important before you enter any trade that you thoroughly assess your risk appetite, your level of experience and knowledge, and your trading strategy – this can help you make better trading decisions and mitigate potential losses.

You can trade Ripple the same you would any other CFD instrument. Simply place a ‘buy’ order if you anticipate the price will rise and place a ‘sell’ order if you anticipate the price will fall. It’s important to note that you should always carry out prior research and analysis before opening a position. Visit our Learn Centre if you would like to improve your trading knowledge.

Absolutely! You can trade Ripple and 275+ other CFD instruments with easyMarkets App available on iOS and Android.

You can trade six different cryptocurrencies with easyMarkets, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Stellar, and of course, Ripple.

Ripple is available to trade 24/7* on easyMarkets platform and app.

*Except Sunday 06:00 - 09:00 GMT due to maintenance of our systems.