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 Bitcoin

On 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 Bitcoin’s 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, XRP’s 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.

XRP is Holding Up Better Than 90% of Altcoins

Further data from Coincodex confirms that XRP is holding up much better than the majority of altcoins in the top rankings. Specifically, it shows that XRP outperformed 93% of the top 100 most prominent crypto assets.

Moreover, while XRP avoided creating a lower low on Tuesday, altcoins like Solana (SOL) and Dogecoin (DOGE) hit bottom points not seen since 2024.

Now, XRP is already rebounding, posting an impressive 7.5% gain as it trades at $2.31. This has reduced its weekly loss to just 9.4%.

Meanwhile, Solana, despite a 5% gain today, is still nursing a staggering weekly loss of 17% and a monthly drop of 38%. Similar figures can be observed with Dogecoin as well.