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.

Crypto prices took a beating on Tuesday, but the story wasn't all doom and gloom. While most coins fell hard and hit new lows, XRP managed to hold firm. This had some market watchers wondering if the altcoin might recover faster than other cryptos.

Most Crypto Prices Take A Beating

Tuesday’s crash sent crypto prices tumbling. In the last 24 hours, XRP dropped to $2.23, sliding 4% in a single 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.

On the other hand, Bitcoin fell below $86,000, reaching its lowest price since November 2024. The difference is clear: Bitcoin hit new recent lows while XRP did not.

Chart Shows XRP Holding Key Level

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.

"For things to stay on track we need to see a candle close above this level. Otherwise, we might see another leg down to $2," Dom stated.

He added that Bitcoin might face more trouble if it falls below $85,000. However, despite these concerns, he thinks the crypto is doing better than most coins in the market.

"I feel like we're seeing a strong fib hold on lower time frames. Most importantly, compared to the rest of the market, this chart still looks decent."

XRP Is Outperforming

The strength of XRP shows up clearly in market data. According to CoinCodex, the coin performed better than 92% of the top 100 crypto coins during this downturn.

While XRP managed to avoid 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 Already In Sight?

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. Although 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.