CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.

Ripple CFD trading

Take advantage of ripple (XRP) price movement with the world’s No.1 CFD provider, 1 and you’ll never need to own any cryptocurrency.

Find out more about how leveraged ripple trading works.

Why trade ripple with IG?

  • Go short as well as long

    Trade if you think ripple’s price is headed up or down

  • No exchange account

    We deal with multiple exchanges to find you the best price

  • Deal on leverage

    Amplify your exposure without tying up extra capital

  • Improved liquidity

    So there’s more chance of executing your full trade at your chosen price

All ripple costs and details

For full details including spreads, dealing hours and margins for ripple, follow the link to our help area.

What is ripple?

Ripple is two things:

  • A payment network (RippleNet) that enables the transfer of any currency – including other cryptocurrencies – around the world
  • The cryptocurrency (XRP) which underpins that network

Unlike other cryptocurrencies such as bitcoin or litecoin, ripple wasn’t invented to replace fiat currency. Instead, it uses the principles of the blockchain to facilitate faster, cheaper global payments for banks and other major institutions – acting as a competitor to existing systems like SWIFT. However, like its rivals, you can speculate on the price movements of XRP.

Live ripple prices

Markets Sell Buy Change
Ripple (USD)
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Prices above are subject to our website terms and conditions. Prices are indicative only.

Ripple leveraged trading vs investing

When you buy ripple with IG, you aren’t actually taking ownership of any cryptocurrency: you’re speculating on the price movements of XRP against the US dollar. But your exposure to XRP’s price movements is the same as if you’d bought it outright.

On an exchange, you’d usually sell USD to buy XRP. If ripple’s price rises, then you can sell your XRP for more USD than you paid for it, earning a profit. If you buy ripple with IG, then you’re opening a position that will increase in value as XRP’s price rises against dollar. With both, you’ll make a loss if its price goes down.

When you deal ripple using leverage, however, you only have to put down a fraction of your position’s full size as a deposit to start trading. That makes leveraged trading a powerful tool, but it also makes it risky – including the risk that your losses could exceed that original deposit.

With IG, you can trade ripple through CFDs. This allows you to go short on ripple as well as long, which means that your position will increase in value if ripple goes down against the dollar. If you go short and ripple’s price goes up, you’d make a loss.

Ripple CFD example

You open a CFD position when XRP is trading at $3.00, and our price is 304 to buy and 296 to sell.

You think that ripple is headed down in price, so you sell 10 CFDs at 296. This is the equivalent of selling 10 ripple coins for $2.96 each.

Ripple enters into a bear market, dropping 25 points to $2.75. Our price is now 279 to buy and 271 to sell. You buy 15 CFDs at 279 to close your position.

279 – 296 = -17, so your position has moved 17 points. 17 x 10 is 170, giving you a gross profit of $170.

If you’d bought ripple instead of selling it, then you would have lost $330 (25 points plus eight points from the spread).2

Open an account now

It's free to open an account, and there's no obligation to fund or trade.

Alternatives to ripple

  • Bitcoin

    Speculate on the world’s first – and biggest – cryptocurrency.

  • Ethereum

    Will ethereum ever overtake bitcoin? Take your position with IG.

FAQs

Do I need a ripple wallet to trade XRP with IG?

No. When you trade ripple with IG, you are speculating on the price movements of XRP against the dollar, without buying or selling any actual cryptocurrency. So you don’t need a wallet, an exchange account, or any specialist technology to get started.

When are your ripple markets available?

Our ripple market opens 24 hours a day, 7 days a week except for Saturday from 1am to 11am (Dubai time). Please note that holidays may affect these hours.

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1 Based on revenue excluding FX (published financial statements, February 2018).

2 Excludes any daily funding charges.

Help and support

Get answers about your account or our services.

Get answers

Or contact us on +971 (0) 4 559 2100 or helpdesk.ae@ig.com.

Our office is open 5 days a week, Sunday to Thursday from 8am to 7pm (Dubai time). Support line is available 24hrs a day, 7 days a week, except for Saturday from 1am to 11am (Dubai time).

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.