Scott Melker, the Wolf of All Streets, has suggested that XRP currently presents the best risk/reward ratio investors could get on any asset.
Notably, after falling from its July 2025 high of $3.66, XRP now trades around a long-term support zone that has historically determined whether the price resumes a broader uptrend or enters a deeper correction
Currently changing hands at the $1.6 zone, XRP now sits around the mid-point of its November 2024 breakout area with lower downside risk and higher upside potential if buyers defend support
Key Points
- XRP trades in the $1.6 region, down from its July 2025 peak of $3.66, after months of sustained bearish pressure.
- The current support zone within the $1.55 to $1.60 range aligns with the mid-point of XRP’s November 2024 breakout, which began from the $0.50 to $0.6 range.
- Scott Melker believes that, at the current position, XRP presents the best risk/reward situation for any asset.
- Investors could easily exit the market with a small loss if a breakdown below the current support area plays out.
- If support holds, XRP could rebound toward resistance at $2.00, with a longer-term target near the $3.66 peak.
The Rally That Determined XRP’s Current Structure
Specifically, for most of 2023 and 2024, XRP moved sideways between $0.45 and $0.70. However, the situation improved when prices surged from the $0.5 region in November 2024 to reclaim $2.00 the next month.
From December 2024 through March 2025, XRP traded in a range between $2.00 and $3.20 as the market searched for fair value. The momentum pushed XRP to the $3.66 peak in July 2025. However, repeated failures above $3.50 confirmed demand was weakening, leading to the current downturn. Now, XRP trades around $1.6.
Why the $1.60 Level Matters
Melker’s chart identifies the $1.55 to $1.60 zone as XRP’s most important support on the weekly chart. This level sits at the mid-point of the November 2024 breakout and previously acted as resistance before turning into support. After months of steady selling, the price has now returned to this same area.
XRP 1W Chart | Scott MelkerShould XRP hold this zone, it will preserve the broader bullish structure. If it breaks, the chart shows very little support below. The next potential downside areas sit around $1.30 to $1.35, followed by psychological support at the $1.00 to $1.10 area.
Why Melker Sees a Strong Risk/Reward Setup
Despite the current weakness in the market, Melker believes this position presents a good risk/reward ratio. “For traders, this is about the best risk/reward you get on an asset,” the analyst said.
According to him, any market participant could easily cut losses once the current support weakens without giving up too much. Specifically, with XRP trading at $1.60, traders can manage risk tightly by exiting below $1.45 to $1.50 if support fails. This limited downside presents an attractive setup if buyers step in.
On the upside, XRP could rebound toward $2.00 as the first resistance. A stronger recovery would then face selling pressure near $2.50 to $2.60, followed by heavier resistance at $3.00. Notably, a full trend reversal could eventually open the path back to the $3.66 high
XRP Remains Bullish Long Term
When XRP briefly dipped to about $1.50, reclaimed the level, and closed the month of January above $1.60, it essentially swept liquidity near $1.64. After this, the asset opened in February at around $1.66.
XRP 1M Chart | EGRAG CryptoBased on past cycles, EGRAG shared two possible paths. One involves a short-term bounce followed by another liquidity sweep before a larger move higher. The other mirrors previous cycle gains of 340% in 2021 and 1,600% in 2017, possibly leading to long-term projections around $7 and $27.
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