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As XRP Rebounds 8%, Heres the Level It Must Reclaim as Support for Extended Recovery

As XRP Rebounds 8%, Heres the Level It Must Reclaim as Support for Extended Recovery
© Copyright Image: The Crypto Basic

Amid the recent XRP crash, a market analyst previously identified a level that the altcoin must reclaim to recover from the slump.For context, the broader crypto market endured a turbulent week as Bitcoin plummeted below $80,000 for the first time in 2025, dragging altcoins down with it. While many altcoins suffered steep declines, XRP showcased notable resilience, holding firm above the critical $2 psychological support level. Now, as selling pressure wanes, XRP appears to be recovering some of its last value, up 8% surge in the past 24 hours. Despite this, a full-blown recovery has still not yet materialized. Interestingly though, Dom (@traderview2), a notable market analyst, had previously identified the level XRP needs to reclaim for this to occur.XRP Needs to Reclaim $2.2In an analysis during the heat of the downtrend yesterday, Dom emphasized XRP's strength in the face of Bitcoin's 29% drop from its recent peak. He credited aggressive buying on Binance's spot market for keeping XRP above $2, a level that has served as a sturdy floor for the past three months. The analyst called attention to the election VWAP (volume-weighted average price) as a major support, noting Bitcoin tested this level over 10 times. Meanwhile, for XRP, he stressed that the asset desperately needs to reclaim and hold above $2.20 as support. According to him, this could propel it toward the mid-$2.40s.

XRP 12h Chart | traderview
However, Dom noted that a failure to hold $2 might trigger retests of lower levels, and if Bitcoin dips toward the $75,000 mark, this could further deepen the decline. The analyst pointed to the current daily chart as encouraging but admitted that it wasn't conclusive.In a separate disclosure, Dom stressed urgency, arguing that XRP must recapture $2.20 soon to reverse its short-term downtrend. The persistent bids at $2, he says, have acted as a lifeline, preventing a more severe breakdown. For Dom, this level marks the borderline between a sustained rally and further consolidation.Crucial Support LevelsMeanwhile, speaking on the downtrend, analyst Ali Martinez identified $1.65 as a potential support zone if selling pressure intensifies. His chart shows that XRP remains within an ascending channel that began forming late last year, even after the recent market rout. Should $1.65 fail, XRP could slip below this pattern, possibly leading to deeper declines. https://twitter.com/ali_charts/status/1895550285885686175Further, analyst Dark Defender examined XRP on a monthly timeframe, suggesting the worst may be over. He asserts that XRP recently hit the lowest Fibonacci level of a corrective fourth wave, indicating the downturn has likely concluded. Dark Defender anticipates the start of a fifth wave, projecting targets between $5 and $8, provided XRP maintains support above $1.88 and $1.91. The Crypto Basic previously called attention to this analysis. Currently, XRP trades for $2.18, up 8.06% in the last 24 hours, and 0.91% away from reclaiming the pivotal $2.2 level.

Read more: https://thecryptobasic.com/2025/03/01/as-xrp-rebounds-8-heres-the-level-it-must-reclaim-as-support-for-extended-recovery/?utm_source=rss&utm_medium=rss&utm_campaign=as-xrp-rebounds-8-heres-the-level-it-must-reclaim-as-support-for-extended-recovery

Text source: The Crypto Basic

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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