How to trade XRP (XRP)
BRVX offers XRP as a XRP/USDT perpetual with 5x–100x leverage on XRP and a 0.08% fee to open or close. Buy to go long, Sell to go short; you trade XRP's price without holding the coin or an exchange wallet.
- 100x Max leverage on XRP
- 0.08% Fee per side on XRP
- 0.016% / 0.0103% Funding long / short on XRP
- 6 Margin tokens for XRP
XRP guide contents
What an XRP perpetual is
XRP is the token of the XRP Ledger, built for fast cross-border payments and closely tied to Ripple, the company. It has a large retail following and reacts sharply to legal and regulatory news.
The BRVX perp follows the XRP price, has no expiry and delivers nothing; profit or loss settles in your margin.
Ripple holds a large share of XRP in escrow and releases up to one billion tokens a month, often returning part of it. RLUSD, Ripple's stablecoin, runs on the XRP Ledger and adds a use case.
What moves the XRP price
XRP's triggers are unusual for a large coin.
- Court rulings and regulator statements involving Ripple.
- Banking and payment partnerships announced by Ripple.
- Retail momentum: XRP often runs hard after long quiet periods, then gives much of it back.
Long or short XRP?
An XRP long bets on favourable legal outcomes, bank partnerships or a retail wave returning to older coins.
An XRP short bets that a news spike fades, which has happened often after sharp XRP rallies.
Opening an XRP position on BRVX
Open XRP · USDT
Pick XRP in the crypto group of the pair selector.
Size the XRP position
Use any margin token as margin and set leverage between 5x and 100x.
XRP: Buy or Sell
Buy expects a rise, Sell expects a fall. TP / SL Triggers lets you pre-set both exits; execution is at market.
Hold with the carry in mind
XRP funding is 0.016% per hour on longs and 0.0103% on shorts.
Leverage works both ways: a small move against you can lose you the whole margin.
When XRP trades
XRP trades around the clock. Legal news often breaks during US court hours, which puts the fastest moves in the European evening.
XRP example: a 7% move
XRP regularly moves 7% on news. The table runs $100 margin at 10x through that move in both directions.
XRP worked example
| XRP trade | Amount |
|---|---|
| XRP margin | $100 |
| XRP leverage | 10x |
| XRP position size | $1,000 |
| XRP fee, open + close | $1.60 |
| XRP funding per 24 h, long / short | $3.84 / $2.47 |
| XRP +7% | XRP long +$70.00 (+70% of margin), XRP short −$70.00 |
| XRP −7% | XRP long −$70.00, XRP short +$70.00 (+70% of margin) |
| XRP liquidation | not modelled |
XRP risks to know
- A single ruling can move the price double digits within minutes.
- Funding is charged on both sides and is higher on longs.
- Rallies driven by retail flows can reverse just as fast.
News-driven spikes make XRP hard to hold with leverage.
XRP FAQ
Can you short XRP?
Yes. Choose Sell on XRP · USDT to profit from a falling price.
What leverage does BRVX give on XRP?
Up to 100x, from a minimum of 5x.
Is XRP funding the same for long and short?
No. Longs pay 0.016% and shorts 0.0103% per hour.
Do I get XRP in a wallet?
No. The perp tracks the price only; no XRP is delivered.
Why does XRP move so fast on news?
A large retail holder base reacts at once to rulings and partnership headlines.
Leverage works both ways: a small move against you can lose you the whole margin.