Saad Ullah
Kraken Pro just launched XRP/ETH margin trading with 3x leverage, letting traders take bigger positions on XRP vs Ethereum battles.
XRP just got some new firepower on Kraken. The major US exchange rolled out margin trading for XRP against Ethereum, meaning you can now bet bigger on which crypto comes out on top.
Kraken Pro users can trade the XRP/ETH pair with up to 3x leverage – not as high as the usual 5x they offer on most pairs, but still enough to juice up your trades. They also have XRP margin trading against EUR, BTC, CAD, and other currencies.
Here's the deal: put up 5 ETH as collateral, and you can potentially trade with 15 ETH worth of buying power. Think XRP's gonna crush it against ETH? Go long. Think ETH's the winner? Short XRP and profit if you're right.
Kraken's been doing margin trading since 2015, starting with BTC/EUR, so they know what they're doing. The 3x cap on XRP/ETH makes sense too – both tokens can get pretty wild, so keeping leverage reasonable probably saves people from blowing up their accounts.
XRP (Ripple) vs ETH Battle Gets More Intense
The timing's pretty interesting here. These two have been in a real tug-of-war lately, and the numbers show it. The ETH/XRP pair has dropped more than 14% since hitting 0.00096 ETH back on July 22.
Just this past week, ETH managed to climb 1.9% while XRP got hammered with a 10.6% drop. That's exactly the kind of volatility that margin traders live for.
But here's where it gets fun – XRP had actually been winning against ETH since November, reaching its yearly high of 0.0114 ETH in April when ETH was having a rough time. Since then though, ETH's bounced back hard, with Joseph Lubin's SharpLink pushing corporate adoption stories that seem to be working.
What This Means for XRP (Ripple) Traders
When a major exchange like Kraken adds new margin pairs, it's not just about giving people more ways to gamble. They're betting there's real demand from traders who want to play the XRP vs ETH angle with some extra leverage.
For XRP holders, this could mean more trading volume and better price discovery. When professional traders can take bigger positions, it often leads to more efficient markets, which benefits everyone.
The timing's pretty smart too. With ETH showing strength and XRP facing some headwinds, having leveraged tools to trade this relationship could attract more serious traders to the XRP ecosystem.
Of course, leverage cuts both ways – it can amplify your wins, but it can also blow up your account if you're wrong. Still, for traders who know the risks, having more tools is always good news.
Bottom line: XRP getting more sophisticated trading options on major exchanges shows it's still relevant in the professional trading world, even when the price action isn't always pretty.
Saad Ullah
