Instrument description

An open source peer-to-peer cryptocurrency that offers all the same features as Bitcoin, Ripple also offers additional advanced capabilities, including instant transactions. Ripple is the name for both the digital currency (XRP) and the open payment network in which the currency is transferred. According to its website, Ripple’s purpose is to enable people to bypass ‘walled gardens’ of the financial networks of banks, credit cards, and institutions - trade the volatility with XTB with leverage of 5:1 and no wallet needed.

How to trade RIPPLE

It's easy to trade Ripple with us. Let's say for example that you believe the value of Ripple will rise after a major bank announces it will use the digital currency to transfer payments internationally, so you buy - or go long - on Ripple. 
 
You'd buy Ripple at 1.00 in the hope that the market will react the way you've predicted.

 

 

  • A WINNING TRADE
  • "Buy" Ripple at 1.00
  • Trade size: 10 lots (10 lots is equal to $1000 per point)
  • Position value: $1,000
  • Ripple rallies to 1.50 (+5,000 pips)
  • New position value: $1,500
  • Result: you make a profit of $500 (or £360.52) ($1,500 - $1,000)
*With a GBPUSD rate of 1.3869
  • A LOSING TRADE
  • "Buy" Ripple at 1.00
  • Trade size: 10 lots (10 lots is equal to $1000 per point)
  • Position value: $1,000
  • Ripple falls to 0.50 (-5,000 pips)
  • New position value: $500
  • Result: you make a loss of $500 (or £360.52) ($500 - $1,000)
Learn more

This example does not include any additional fees that may be applicable. For more information, please see our instrument specification page.

Market sentiment

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Instrument specification

Nominal Value of one Lot
1 RIPPLE
Size of one PIP
0.0001
Minimum Quotation in Step (in points)
0.0001
Minimum/Maximum Order Size in Lots
0.01, max 50
Minimum Transaction Step in Lots
0.01
Trading Hours
24 h from Saturday 4:00 am to Friday 10:00 pm

Trading CFDs on a leveraged basis involves significant risk of loss to your capital. They may not be suitable for everyone, so please ensure you fully understand all of the risks.

Trading CFDs on a leveraged basis involves significant risk of loss to your capital. Please ensure you fully understand all of the risks.

Trading CFDs involves significant risk of loss to your capital