Crypto trader and influencer Scott Melker (스콧 멜커) assessed XRP as having "a risk-reward structure superior to any asset right now." XRP is trading in a long-term support zone that previously produced a strong rebound after correcting from a July 2025 peak of $3.66, in an analysis that says upside potential is greater than the risk of further declines. Blockchain outlet The Crypto Basic reported the details on Feb. 2 (local time).

According to Melker's analysis, XRP's current price structure was formed during a rising rally that began in November 2024. XRP moved sideways for most of 2023 to 2024 in a $0.45 to $0.7 range before surging near $0.5 in November 2024 and shifting the trend. It then broke above $2 in early 2025, held the $2 to $3.2 range through March, and rose to $3.66 in July. Buying weakened above $3.5, triggering a correction, and it is now trading near $1.6.

Melker pointed to the $1.55 to $1.6 range as key support on the weekly chart. He said the area is the midpoint of the November 2024 breakout and a former resistance level, making it likely to flip into support. If the support holds, the rising structure remains intact, but if it breaks, it could fall to $1.3 to $1.35 and further to the psychological support area of $1 to $1.1, he warned.

Melker said his positive view of XRP is driven by a clear stop-loss area. "You can buy around $1.6 and, if support breaks, stop out at $1.45 to $1.5," he said, adding that downside risk is limited while upside targets are relatively larger. He said the near-term resistance line is $2, selling pressure could strengthen in the $2.5 to $2.6 zone, and a full recovery of the uptrend could allow a retest of $3.66.

On the long-term outlook, analyst EGRAG Crypto (이그랙 크립토) presented a bullish scenario. In a recent analysis, he pointed to the 33-day exponential moving average and the central trend line converging around $1.6 to $1.61, saying it resembles the structure seen just before past strong up cycles. Citing precedents in which XRP rose 1,600 percent in 2017 and 340 percent in 2021, he argued that in the long term it cannot be ruled out that it could rise to $7 and as high as $27.

Experts also stress that whether XRP can hold key support is the biggest variable that will determine its direction going forward.