3x Long XRP TokenXRPBULL
$0.0000398
Market/Exchange
XRPBULL Price Prediction and Price Movement
XRPBULL is up 110.43 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of XRPBULL can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, XRPBULL has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on XRPBULL's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
3x Long XRP Token Price Chart
About 3x Long XRP Token
FTX Leveraged tokens are ERC20 & BEP2 tokens that have leveraged exposure to crypto. Using ETHBULL, a 3x long ETH token as an example, for every 1% ETH goes up in a day, ETHBULL goes up 3%; for every 1% ETH goes down, ETHBULL goes down 3%.
Users can buy leveraged tokens just like normal tokens on a spot market. However, there is no need for them to manage collateral, margin, liquidation prices, or anything that a normal margin user needs to manage.
To learn more about how the FTX leveraged tokens work, please read a detailed guide and walkthrough here: (https://help.ftx.com/hc/en-us/articles/360032509552-Leveraged-Token-Walkthrough)