Example of a trading transaction with Ripple
The main factor determining the value of most of the existing cryptocurrency assets is the supply-demand ratio in the market, and Ripple is not an exception here. In addition to the traditional fundamental factors of political and economic nature that reduce people's trust in fiducial money, the XRP course is much more influenced by the news based on the peculiarity of using the protocol of this token for conducting cross-border financial transactions. For example, after November-December 2017, Ripple announced the intention of the American Express payment system and one of the largest European financial groups Santander Bank to use the Ripple protocol for making payments between the US and the UK, the XRP quotes increased in 2 months for 1600 % - from ≈ $ 0.20 at the beginning of November 2017 to ≈ $ 3.20 - at its peak on January 4,2018. Having bought one Ripple coin in November 2017 in the form of a CFD contract at the rate of $ 0.20 and having sold it in January 2018 at a price of $ 3.20, you could earn over 300000 points in 2 months, what equals to $ 3000 of profit.