Expert Says XRP is Holding Up Better Than 90% of Altcoins
XRP has shown remarkable resilience compared to its rivals in the market, avoiding a new bottom after yesterday's bloodbath.The crypto market experienced one of its most volatile days on Tuesday, with XRP, Bitcoin, and other major markets crashing significantly.XRP Held Up Better Than BitcoinOn Tuesday, XRP revisited lows of $2.07, a fresh low for the week, following a 14% intraday drop. However, this was not XRP's most significant dip in February. Particularly, during the February 3 downturn, XRP's price dipped as low as $1.70. Nonetheless, in the most recent crash, the asset has shown impressive resilience.For context, during the Tuesday market-wide crash, Bitcoin's price fell below $86K, marking its lowest point since November 2024.Notably, XRP displayed more resilience than Bitcoin during the market bloodbath, avoiding new lower lows and deviating from Bitcoins major drawdown.Market watchers have taken note of this impressive performance from XRP. In a tweet, Dom, a widely followed XRP analyst, emphasized that XRP still looks strong from its current position. According to him, XRPs market only experienced a "fakeout" below the critical $2.25 level.What Will Determine XRP's Rebound?Meanwhile, Dom pointed out that XRP must close the daily candle above this key level and not fall below it.He also mentioned that he plans to share more insights soon but will first observe how Bitcoin reacts in the next few days. According to Dom, Bitcoin's $85K region has been his downside "target" for weeks.Dom also argued that a price below $85K would open up a different story for Bitcoin and the broader market.Despite the cautious sentiment, Dom expressed optimism, stating that XRP is holding up better than 90% of altcoins and that its chart isn't broken.Another analyst, Charting Guy, expressed a similar sentiment in a separate commentary. He noted that XRP continues to hold above the bull market support band without falling below.
Text source: The Crypto Basic
