XRPUSDT perpetual contracts (perps) are derivative trading instruments that allow traders to speculate on the price of XRP against USDT (Tether) without owning the actual asset. Offered by major crypto exchanges like Binance and Bybit, these contracts have no expiration date, enabling continuous trading with leverage. Traders can go long or short depending on market expectations, using margin to amplify gains—or losses. XRPUSDT perps also include funding rates, which help maintain price alignment with the spot market. Popular among advanced traders, they offer liquidity and flexibility, but also carry significant risk due to volatility and leverage. Proper risk management is essential.