- Interactive Brokers adds SOL, ADA, XRP, DOGE, doubling crypto offerings to 8
- Expansion aims for portfolio diversification via Zero Hash & Paxos custody
- Brief price analysis provided for XRP, SOL, ADA, and recent DOGE action
Interactive Brokers significantly expanded its cryptocurrency trading lineup and added Solana (SOL), Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE).
These join Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH), bringing the total digital asset count available on the platform to eight. The newly added tokens are available via Zero Hash LLC accounts, with SOL also accessible through Paxos Trust Company.
IBKR Doubles Crypto Offerings for Diversification
Steve Sanders, an IBKR marketing executive, stated the expansion aims to give clients more flexibility for portfolio diversification. He said:
“Adding these new tokens gives our clients even more flexibility to diversify their portfolios and take advantage of opportunities across digital assets.”
This inclusion aligns with the firm’s commitment to offering a broad and efficient trading experience for its clients.
It is important to note that the prices of SOL, XRP, ADA, and DOGE could turn bullish following Interactive Brokers’ announcement.
Price Analysis: XRP, SOL, ADA, DOGE Outlook
Here’s a brief technical look at the newly added altcoins and Dogecoin:
- XRP: Currently trades near $2.37, down 3% in 24 hours.
Using Bollinger Bands (BB), a break above the middle BB could target $2.50 or $2.70 resistance levels. Failure to hold the $2.30 support might risk further downside pressure.
- SOL: Priced around $139.44 after a 2% dip.
The Relative Strength Index (RSI) indicates neutral conditions. A bullish push could see SOL rebound towards the $145 and $150 resistance marks. Conversely, losing current support could push the price towards the $135 level.
- ADA: Trades near $0.7400, posting a 1% decline over the past day.
Fibonacci levels suggest a move past the $0.75 resistance could open paths toward $0.80 and $0.85. However, a break below the $0.72 support might lead to corrections targeting $0.70.
- DOGE: Dogecoin (DOGE) outperformed its altcoin rivals, surging over 3% in 24 hours. The token trades at $0.19, retesting immediate support near the 20-day EMA, which sits around $0.18.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
