Is Ripple the perfect token for futures trading?
Over the last 12 months, $XRP has become the Antithesis of the Efficient Market Hypothesis(EMH).
With a negative YTD of (17.35%), XRP seems to be stagnating and non-reactive to positive news in the cryptocurrency space.
Despite not breaking the $0.75 mark in a period where major cryptocurrencies are surging, XRP still attracts massive volumes every day.
The huge 24-hour volume and largely non-volatile price action make XRP a perfect token to trade if you are patient enough. This is a disadvantage to many day traders like me who love to go where there is action like $PEOPLE and $FLOKI . However, these tokens made me lose huge capital after shorting then they immediately surged 30% or 40%.
However, trading XRP comes with a caveat as you are likely to use higher leverage since the price does not swing faster at times.
I am looking forward to integrating XRP as one of my core safe haven tokens to trade.