XRP stood firm as crypto markets took a beating on Tuesday. Most coins fell hard, but XRP avoided hitting new lows. Market watchers now wonder if the altcoin might recover faster than other cryptos.
XRP Holds Ground In Tough Market
Tuesday’s crash sent most crypto prices tumbling. XRP dropped to $2.23, falling 4% in just one day. This marks a rough week for the coin, which lost 17% in the weekly frame, but the drop wasn’t as bad as earlier this month. During one of its biggest declines this year, on February 4th, the coin had sunk to $1.70 – much lower than Tuesday’s bottom.
Bitcoin, on the other hand, fell below $86,000. This was its lowest price since November 2024. The difference is clear: Bitcoin hit new recent lows while XRP did not.
Analysts See Promising Signs
A number of crypto experts have noticed that XRP is performing better. Dom, a crypto analyst, said the altcoin only had a “fakeout” below the important $2.25 price mark. Dom stated that for things to stay on track, XRP needs to close above this price.
$XRP update
Still looking good here as we got a fakeout below the important level ($2.25)
Vital to close the daily above and NOT accept below
XRP is holding up better than 90% of alts, chart isn’t broken
I will share more thoughts soon, but need to see how BTC reacts next… https://t.co/m5cOOCO88Z pic.twitter.com/EdWeRQfVxG
— Dom (@traderview2) February 25, 2025
Dom also noted that Bitcoin might face more trouble if it falls below $85,000. Despite these concerns, he thinks the crypto is doing better than most coins in the market. His view: XRP’s chart still looks solid compared to others.
Numbers Tell The Story
XRP’s strength shows up clearly in market data. According to CoinCodex, the coin did better than 92% of the top 100 crypto coins during this downturn.
While XRP avoided making new lows, other popular coins weren’t so lucky. Both Solana (SOL) and Dogecoin (DOGE) fell to their lowest points of 2024 during Tuesday’s crash.
Is A Price Recovery Underway?
XRP has already bounced back with an 8% gain, bringing its price to $2.31. This quick recovery has cut its weekly losses to around 9%.
The coin’s ability to avoid deeper drops might give investors hope. While the entire market faces uncertainty, XRP’s performance suggests it might weather the storm better than its competitors.
What happens next depends partly on Bitcoin’s movement. Many traders are keeping a close eye on the next price movement of Bitcoin, as it often sets the tone for the whole crypto market. If Bitcoin stabilizes, XRP might continue its upward path.
For now, XRP stands out in a sea of red. Its quicker recovery and stronger support levels could make it a coin to watch as the broader digital currency space tries to find their footing after Tuesday’s crash.
Featured image from Gemini Imagen, chart from TradingView
Christian Encila
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
