Based on the provided $XRP chart (1-day interval) here’s a short analysis for a medium-risk one-day trade:
- **Entry Point**: $2.368 (current price, as indicated).
- **Take Profit**: $2.645 (near recent high, offering a reasonable profit target).
- **Stop Loss**: $2.140 (below the recent low of $2.140 to limit downside risk).
The risk-reward ratio measures the potential profit (reward) against the potential loss (risk) in a trade. It’s calculated as:
**Risk-Reward Ratio = (Entry Price - Stop Loss Price) / (Take Profit Price - Entry Price)**
In the XRP trade example:
- Entry: $2.368
- Stop Loss: $2.140
- Take Profit: $2.645
Risk = $2.368 - $2.140 = $0.228
Reward = $2.645 - $2.368 = $0.277
Risk-Reward Ratio = $0.228 / $0.277 ≈ 0.82:1 (or 1:1.22 when inverted).
This setup assumes a medium-risk approach with a risk-reward ratio of approximately 1:2. Monitor price action closely, as volatility is evident. #XRP #Trading #CryptoAnalysis