XRP Stood Firm As Crypto Markets Took A Beating On Tuesday

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%

XRP managed to hold strong even as crypto prices took a beating on Tuesday. While most coins saw significant drops, XRP avoided hitting new lows.

This resilience has crypto market watchers wondering if the altcoin could recover faster than other cryptos.

Most Coins Take A Beating

Tuesday’s crash saw most crypto prices getting battered.

In recent trade, XRP dropped to $2.23, down 4% in just one day. This marks a bleak 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. For things to stay on track, XRP needs to close above this price.

“Still holding strong but fib retest could bring more sellers. Pay close attention to the $2.25 level for a chart perspective. As for BTC, it’s getting dangerously close to $85k, which could bring another wave of sellers.”

Another analyst, who uses the handle "DegenMind" on X, pointed out 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.

“The broader market is getting smoked but BTC is still holding up better than most. Pay close attention to the $85k level on Bitcoin and the $2.25 on XRP for optimal structure.”

DegenMind’s comments highlight the broader weakness in the crypto market.

While Bitcoin and XRP have shown some resilience, other popular coins, such as Solana (SOL) and Dogecoin (DOGE), sank to their lowest points of 2024 during Tuesday’s crash.

Is A Price Recovery Already 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.