Remove belt, from crank shaft, so nothing will spin, then start engine.
You can run the engine for a few minutes without water pump, it will not hurt anything, battery light will come on as well.
If no chirping with belt off then one of the accessory pulleys is the issue.
If you still have the chirp then it could be the Cam position synchronizer
I think they started using these on the 4.0l in 1995, they were a known issue in the 3.0ls
Here is a read on the 3.0l cam synchronizer :
http://www.therangerstation.com/tech_library/camshaft_position_sensor.html
It talks about the sound it may make prior to failing and how bad it can be if it does fail.
It could also be the throw out bearing in the clutch, clutch has to be dis-engaged to start engine, pedal in, so throw out bearing has load on it.
You could test this by putting trans in neutral<<<!!!!!
Then key on and jump start using 12volts to starter solenoid, so by-pass the safety switch on the clutch pedal, this will start the engine without the throwout bearing spinning under load.
If no chirp then throw out bearing is probably going out