XRP Analyst Points Out The Best Range To Take Profit
The XRP price action is back in focus as an analyst outlines a clear strategy for managing gains in the current market structure. Although XRP has been trending downward for the past few months, the analysis highlights the potential for a recovery and a strong upward move soon. With the price already reacting from a key technical area, the crypto analyst draws attention to a defined upside range where taking profit may offer the most favorable risk-to-reward ratio.
The Best Take Profit Zone For XRP
XRP analyst Protechtor has released a fresh update on price action, outlining the best profit-taking range in the event of a potential upward move. In his post on X, he explained that the altcoin recently completed a liquidity grab on Coinbase that perfectly filled the anticipated wick. This move confirms a key technical level and marks a reaction from the bottom of a running flat Elliott Wave formation that has been in focus for some time.
Protechtor points out that the reaction from this level opens the door for a short-term upside move if momentum continues to build. From a trading perspective, this area supported a lightly leveraged long position with a cap of 5x or less. Risk management remains a central part of the setup, with the analyst setting a clear stop level near $1.60 to invalidate the idea if the price weakens further.
In his accompanying chart, Protechtor predicts potential upside targets as XRP attempts to recover from its bearish trend. The analyst highlights the region between $2.50 and $2.68, identified by the red resistance line on the chart, as the optimal area to take profit. This range aligns with prior market reactions and represents a zone where upside momentum may begin to fade. Additionally, with the token trading around $1.91, a move to the take profit range would reflect a 30.9-40.3% increase.
The chart also shows the altcoin moving within a large Descending Channel that has guided price action for months. XRP recently tapped the lower boundary of this channel, reinforcing its role as a dynamic zone. The upper portion of the channel also closely aligns with the proposed take-profit range for XRP.
Analyst Sees Bounce Potential Despite Ongoing Correction
In a previous post, Protechtor revisited his long-term outlook on XRP, noting that a corrective Elliot Wave structure remains in play despite extended market weakness. He believes completing this pattern could spark a strong rally, potentially leading to new all-time highs.
The analyst stated that XRP is now approaching its 20-month Moving Average. A sustained move below this level would favor bears, as previous bull cycles have not maintained price action under this threshold. While price action has remained choppy since the market peak, Protechtor suggests that bearish pressure appears stretched. As a result, he expects a bounce soon.
