Ripple XRP coin and how you can make quick profit from it.

Ripple is a great coin, instant transaction, low fees and plenty of coins available with huge market capitalization.

Lot of financial institutes have also forged partnership with Ripple network to implement RippleNet in their own payment systems. These includes, American Express, Westpac, Standard Chartered, and long list of other members which continues to grow even more.

Majority of these institutes have only plan to use Ripple network and not the Ripple token XRP for cross border transactions. So far only financial services firm Cuallix is the first institute on board with RippleNet also using XRP as the means of fund transfer. This does not mean that in future the list will not grow.

Meanwhile, the price of Ripple token is somewhat stable and hovers around $0.20 USD to $0.30 USD. And with 100 Billion coins in circulation, lot of investors already have boatload of this coin in their portfolio. As soon as the price peaks, lot of these investors do sell their coins to make some profit and possibly getting out of stale investment bringing the price back down.

This presents a great opportunity to generate income from Ripple coin. This is the only coin in current market, which is fairly stable and has predictable price highs and lows. XRP dips as low as $0.18 USD and goes up as high as $0.32 USD in three to four weeks cycle.

Say you invested $1000 USD in this coin priced at $0.20 USD (5000 XRP) and at the next high sell it at $0.28 USD, you are making a clear profit of $400 USD (minus the exchange fees).

I am only targeting $0.20 and $0.28 USD price point for this buy/sell trade, which regularly occurs in 3-4 weeks cycle and do not have to wait long. This is a lot better investment strategy for XRP than holding them for long term. How you can achieve this is by utilizing limit buy and limit sell trade.

XRP is currently in its downward trend at $0.24 USD at the time of writing with recent high at $0.30 USD. Set up a limit buy for this coin at $0.20 USD and as soon as you have purchased this coin, set up a limit sell for the same coins at $0.28 USD and repeat the cycle for limit buy/sell and continue to make the profit while keeping your toes in this coin.

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