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XRPUSD definition
XRPUSD is the market symbol for XRP priced in US dollars, where XRP is the digital asset native to the XRP Ledger and USD is the US dollar. The quote shows how many US dollars buy one XRP. XRP is designed to settle payments quickly and is widely associated with cross-border transfers.
With XRPUSD you hold a crypto CFD, a position on the price that needs no XRP and no wallet. A long position profits from a rising price and a short position from a falling one. The pair is quoted in US dollars, trades around the clock, and can be volatile, particularly around news events.
A frequent source of confusion is the relationship between XRP and Ripple: XRP is the digital asset and the XRP Ledger is the network it runs on, while Ripple is the company that uses XRP in its payment products. The token's price is sensitive to regulatory and legal developments, adoption for cross-border settlement, broader crypto sentiment, and the price of Bitcoin.
XRPUSD Example
Say XRPUSD is trading at 0.50 and you expect it to climb, so you go long 10,000 XRP. The price rises to 0.60, a gain of 0.10 per token, so your profit is:
0.10 √ó 10,000 = USD 1,000
If XRP had fallen to 0.40 instead, the same 0.10 move per token against you would have cost USD 1,000.
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