TLDR
- Scott Melker believes XRP offers the best risk/reward ratio among all assets.
- XRP’s price is currently at a critical support zone between $1.55 and $1.60.
- Melker suggests that the current price presents limited downside risk with significant upside potential.
- If support holds, XRP could see a rebound towards resistance at $2.00 and beyond.
- A breakdown below the support level could lead to further declines, with key levels at $1.30 and $1.00.
Scott Melker, known as the Wolf of All Streets, has made a strong case for XRP’s current risk/reward ratio. According to Melker, XRP’s price now represents one of the most favorable opportunities for investors. The asset is trading around the $1.6 zone, which he believes offers lower downside risk and higher upside potential.
XRP Price at a Crucial Support Zone
XRP’s price currently sits at around $1.60, down from its high of $3.66 in July 2025. This recent decline has brought the asset to a key support zone between $1.55 and $1.60. Historically, this range has been a critical level for XRP, determining whether it will resume its uptrend or enter a deeper correction.
Melker pointed out that the $1.55 to $1.60 area is important because it aligns with the mid-point of XRP’s breakout in November 2024. This breakout originated from the $0.50 to $0.60 range and pushed the price toward $3.66. If buyers defend this support, the price could see a rebound, with resistance targets near $2.00 and beyond.
Crazy chart.
Trading exactly at the last meaningful support on the chart before a huge air pocket.
For traders, this is about the best risk/reward you get on an asset. Easy to cut loose with a small loss if support fails. pic.twitter.com/wySapwsnT0
— The Wolf Of All Streets (@scottmelker) January 31, 2026
If XRP holds its current support, the potential for a recovery remains strong. Melker emphasized that traders have limited downside risk, as they could exit positions with a small loss if the support breaks down. On the upside, a rally could bring the price back to the $2.00 zone, with further resistance levels at $2.50 and $2.60.
In the event of a full trend reversal, XRP’s price could even reach the $3.66 peak again. However, a failure to hold the current support could lead to further declines. Melker highlighted the importance of risk management in this situation, recommending traders exit below the $1.45 to $1.50 range if the support breaks.
EGRAG Crypto Remains Bullish on XRP’s Long-Term Outlook
Despite the current market weakness, EGRAG Crypto maintains a bullish outlook for XRP. EGRAG pointed out that the 33-period exponential moving average and a central trend line are both converging near the $1.60 to $1.61 zone. This confluence of technical indicators could serve as a strong support level for XRP.
#XRP – 33 EMA Breakdown ≠ Game Over (UPDATE):
🏳️On the monthly chart, #XRP just tagged the Central Line + 33 EMA around $1.60–$1.61 ( The Dip was to $1.50)
🏳️It held the close above $1.60, swept liquidity near $1.64, and opened February at $1.66.
🏳️Why this This matter???… https://t.co/P56R5P3xr0 pic.twitter.com/CvJstLiCwG
— EGRAG CRYPTO (@egragcrypto) February 1, 2026
EGRAG’s analysis suggests two possible scenarios for XRP’s future. One path could involve a short-term bounce followed by another liquidity sweep before a larger move higher. The other scenario, based on previous cycles, could see XRP’s price gain significantly, with projections as high as $7 or even $27.
While Melker has drawn attention to the current risk/reward scenario, EGRAG’s analysis offers a longer-term view for XRP holders.
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