Interactive Brokers Expands Cryptocurrency Trading Lineup

Interactive Brokers has significantly expanded its cryptocurrency trading offerings by adding Solana (SOL), Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE).

These new additions join existing cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH), bringing the total count to eight digital assets available on the platform. The newly added tokens can be traded via Zero Hash LLC accounts, with SOL also accessible through Paxos Trust Company.

IBKR Doubles Crypto Offerings for Diversification

Steve Sanders, a marketing executive at IBKR, noted that this expansion aims to provide clients with greater flexibility for portfolio diversification. He stated:

> “Adding these new tokens gives our clients even more flexibility to diversify their portfolios and take advantage of opportunities across digital assets.”

This initiative aligns with the firm’s commitment to delivering a broad and efficient trading experience for its clients.

It is also noteworthy that the prices of SOL, XRP, ADA, and DOGE might experience bullish movements following the announcement from Interactive Brokers.

Price Analysis: XRP, SOL, ADA, DOGE Outlook

Here’s a brief technical overview of the newly added altcoins and Dogecoin:

• XRP: Currently trades near $2.37, down 3% within 24 hours. A break above the middle Bollinger Band could target resistance levels of $2.50 or $2.70, but failing to hold at $2.30 may lead to further downside.

• SOL: Priced around $139.44 after a 2% dip. The Relative Strength Index (RSI) suggests neutral conditions, with potential bullish momentum pushing SOL to $145 and $150. Losing current support could see prices drop to $135.

• ADA: Trades near $0.7400, down 1% over the past day. Fibonacci levels indicate that surpassing $0.75 could lead to targets of $0.80 and $0.85. Conversely, breaking below $0.72 might result in corrections towards $0.70.

• DOGE: Dogecoin (DOGE) has outperformed other altcoins, rising over 3% in the past 24 hours, trading at $0.19. It is retesting immediate support near the 20-day EMA, which is around $0.18.

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