- Analyst Crypto Jex highlights an XRP spot trading strategy with a favorable risk/reward ratio, suggesting an entry between $2.00 – $2.20, a stop-loss at $1.90, and profit targets at $2.80, $3.30, and $3.70.
- A breakout above $3.70 could ignite strong momentum, potentially pushing XRP toward the $4 range and beyond.
The cryptocurrency market remains as volatile as ever, but analyst Crypto Jex has shared a spot trading strategy for XRP (XRP/USDT) that offers a favorable risk/reward ratio. With clear entry points, stop-loss levels, and profit targets, this approach aims to help traders maximize potential gains while minimizing downside risks.
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XRP Trading Range and Key Support Level
Crypto Jex highlights that XRP is currently trading within a well-defined range on the 4-hour chart, with the $2.00 – $2.20 zone acting as a crucial accumulation area. According to the analyst, this range has been tested multiple times in recent weeks, indicating strong buying interest at the lower end.
Despite bearish market pressures since March, XRP has consistently defended the $2.00 level, showing resilience. Though the price briefly dipped below $2.00, it quickly rebounded, reinforcing this area as a potential low-risk entry point.
Ideal Entry Point, Stop-Loss, and Profit Targets
Jex’s trading strategy suggests that traders enter XRP within the $2.00 – $2.20 range. He emphasizes that a 4-hour close below $1.90 would invalidate the setup, making it the suggested stop-loss level.
On the upside, traders can target the following profit-taking levels:
- First target: $2.80 (+34% gain)
- Second target: $3.30
- Final breakout target: $3.70
For those holding out for a major breakout, a sustained move above $3.70 could ignite a strong bullish rally, potentially pushing XRP toward the $4 range and beyond.
Risk/Reward Ratio and Market Outlook
By entering at $2.00 with a stop-loss at $1.90, the risk is limited, while the potential upside extends up to 85% if XRP reaches its highest profit target. This favorable risk/reward setup makes Jex’s strategy appealing to traders willing to capitalize on XRP’s current market structure.
If XRP successfully breaks past $3.70, it could signal a shift in market momentum, attracting more buyers and driving prices higher. However, traders should monitor price movements closely and adjust their strategies as needed.
Crypto Jex’s XRP spot trading strategy provides a structured approach for traders looking to take advantage of the market’s current price action. With a clear accumulation zone, well-defined stop-loss, and multiple profit targets, the strategy offers a disciplined approach to risk management while keeping an eye on significant potential gains.
As always, traders should conduct their own research and consider market conditions before making any investment decisions.
