[DigitalToday reporter Jinju Hong] A veteran cryptocurrency trader has drawn market attention by disclosing a case in which he made more than $300,000, about 442.2 million won, in profit in two weeks from a single XRP trade.
The blockchain outlet The Crypto Basic reported on Jan. 12 that Cameron Fous, a trader with 20 years of experience, said he made about $302,000 by using an “alignment strategy” in which bitcoin and XRP enter an upward trend at the same time. He described the alignment window as “a short opportunity that created a high probability of profit.”
Fous said bitcoin had entered a late-stage bullish structure accompanied by strong momentum, known as a “power pattern,” at the time the trade was executed. XRP, by contrast, was moving sideways below a key resistance line after a prior rise and remained in a “survival stage.”
He said that combination was key. While bitcoin was preparing to break higher, XRP was relatively lagging, leaving significant room to quickly follow bitcoin’s uptrend if the resistance line gave way. As bitcoin broke out, XRP followed immediately and surged.
Fous said he began buying in the mid-$2.60 range as XRP approached the breakout zone. XRP then rose into the mid-$3 range, and he closed the position as signs of slowing momentum appeared. “I prioritized preserving capital rather than chasing further gains,” he said, adding that he decided to liquidate after judging the bullish trend was not continuing.
Data disclosed by Fous showed the profit from the trade was more than $300,000 over 14 days, the largest gain he has made so far on a single trade.
Fous also added a warning about altcoin trading more broadly. “Most losses occur when people chase-buy altcoins after bitcoin has already finished a big move,” he said. “In such cases, altcoins often fail to follow bitcoin’s flow and are exposed to sharp drops,” he added.
He said this XRP trade succeeded because both assets were approaching breakout points at the same time. He stressed that such alignment windows do not appear often, but provide a very powerful opportunity when they do.
This was not the first time Fous has made substantial profits with XRP. He previously said in March 2024 that XRP changed his trading path. After retiring from foreign exchange and stock trading in 2018, he re-entered the cryptocurrency market at the end of 2019, buying XRP at $0.20 on a friend’s recommendation.
That investment, which started with $20,000, grew to $100,000 as XRP reached $1. He then expanded his portfolio to $1.7 million in about 420 days through trading various cryptocurrencies. Fous assessed XRP as the first altcoin to create a decisive turning point in his financial life.
As XRP draws interest from both short-term traders and long-term holders, the case is again showing that timing and analysis of flow between assets remain important factors in the cryptocurrency market.