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A recent $XRP trading strategy presents a tiered take-profit plan, showing how much investors could consider selling at different price levels up to a $7 peak.
The bear market has persisted into its tenth month, and $XRP has not escaped the onslaught. After recently recovering to a $1.18 high, $XRP has recorded three consecutive intraday losses and is now on track for a fourth one, as prices retrace to $1.09.
However, amid the downward price action, a recent trade setup indicates that this presents an opportunity for investors to enter the scene at lower prices, presenting a tiered take-profit plan all the way to a new all-time high around $7.
$XRP Trade Entry Plan
The trade calls for deploying 25% of intended capital in the $1.35 to $1.36 range, a level $XRP currently trades below. At present, the market is moving toward the deeper entry zones where the strategy places its heaviest allocation.
Specifically, the trade deploys capital across three distinct price ranges, with the largest commitment reserved for the lowest level.
The first tranche of 25% targets the $1.35 to $1.36 area, which $XRP has already lost. The second tranche of 25% targets a range between $0.90 and $1.00, a level $XRP has not yet reached during this downturn. Meanwhile, the final tranche, carrying 50% of total capital, targets the $0.55 to $0.65 range.
Notably, reserving the largest allocation for the lowest price level could maximize the return potential if $XRP embarks on a full recovery, since the average cost basis drops as the price falls further before a rebound.
$XRP Take-Profit Targets Up to $7
Essentially, the trade assumes $XRP will rebound from whichever of these lower levels it touches, with the recovery projected using a Fibonacci extension model based on its long-term base at $0.2411.
The first major take-profit target sits at $4.9192, which aligns with the 4.0 Fibonacci extension. Reaching this level would mean $XRP more than quadruples from its current price and multiplies several times over from the deepest entry tier.
$XRP Trade Setup
At this point, the setup instructs participants to sell 80% of their accumulated position. This would allow them to secure the bulk of gains while the asset retains momentum.
Meanwhile, the terminal take-profit sits at $7.2582, aligning with the 6.0 Fibonacci extension from the base anchor. This level is more than six times above the current price and would represent a new peak for $XRP by a wide margin. The trade directs participants to close the remaining 20% of the position here, completing the full exit.
How a $10,000 Trade Would Look
To put things into perspective, a $10,000 capital deployment would purchase 7,692 $XRP at $0.65 with 50% entry, 2,777 $XRP at $1 with 25% entry, and then 1,838 $XRP at $1.36 with 25% entry. This brings total $XRP procured to 12,307 with the $10,000 capital.
If the investor follows the take-profit plan, they will sell off 9,845 $XRP or 80% of their holdings at a price of $4.9192, securing $48,433. Moving further, the remaining 20% bag, about 2,461 $XRP, could be sold at $7.25 for $17,845.
Overall, the $10,000 capital could grow to over $66,000. However, this depends on $XRP surging to the take-profit targets of $4.9 and $7.25, which remains uncertain at press time.
