Top Exchange Reveals New XRP Buying Strategy: Entry Points, Targets, and Risk Levels

Cryptocurrency analyst Lark Davis has been closely following XRP and has provided a new XRP trading setup as the asset attempts to break through a significant technical barrier. Davis shared on social media that XRP is currently testing its 50-day (EMA) exponential moving average. He believes this could be a setup for the price to rise higher soon. Price Action and Check Support for XRP Recently Davis also pointed out that XRP has recently retested the support level at the 20-day EMA (yellow line) in the context of profit-taking moves from traders. For context, XRP posted notable green candles on Tuesday and Wednesday. During this time, the price increased by 11.5%, from $2.06 to $2.30, before coming back to retest the low near $2.10. However, XRP has bounced off this support level, a sign of short-term strength from buyers. At the time of the press release, XRP is trading at $2.20, up 1.17% today. Meanwhile, analysts like Davis believe it may rise further. Therefore, he has suggested entry points, targets, and stop-loss levels for short-term XRP buy positions. Setting Up Davis's Long-term XRP Trade: Entry Point, Target, Stop Loss

According to Davis, he is entering a long position at $2.20 ( betting on the price to rise ); his profit target is $2.45. Interestingly, this $2.45 target aligns with the long-standing trend line that has confined the price action of XRP since January 2025, when the previous bullish phase ended. Davis believes that the ongoing rally may face rejection at this level, making it a strategic exit point. This move would represent an increase of 11–12% from the entry level, with potential profits being further amplified with leverage. To manage risk, he stated that he is placing a stop-loss order at $2.17, just below the 50-day EMA support level, to minimize downside risk if the setup fails. If the current effort is unsuccessful, Davis notes that a second opportunity may arise around the 20-day EMA at $2.13. Contrasting Viewpoints: Long-Term Breakthrough Prediction for XRP While Davis aims for short-term profits from XRP, other analysts have a longer-term outlook for this cryptocurrency. For example, the Korean Elliott wave analyst XForceGlobal recently suggested that XRP is preparing for a historic breakout. According to his Elliott wave analysis, XRP could target a minimum of 10 dollars, implying a 350% increase or even as high as 40 dollars, depending on market strength.