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Home CRYPTO

XRP’s Resilience: One of the Few Holding Strong in a Weak Market

Matoy by Matoy
February 2, 2025
in CRYPTO
Reading Time: 3 mins read
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  • XRP remains above $2.66 despite the broader market facing heavy sell pressure.
  • Buyers are still showing interest, preventing a deeper drop seen in other assets.
  • Momentum remains uncertain, but XRP has held up better than most major cryptos.

It’s been a brutal two weeks for crypto, with most major assets seeing steep declines—but XRP has managed to hold its ground better than the rest. After hitting a high of $3.40, the price has pulled back to $2.66, but that’s still a solid position compared to the carnage across the board. Many assets have lost key support levels, yet XRP continues to attract buyers at each dip.

This relative strength is notable because when the market experiences a widespread downturn, few coins manage to resist the pull of bearish momentum. While XRP hasn’t escaped entirely, it hasn’t collapsed the way other assets have. That alone makes it worth watching.

While the Market Bleeds, XRP Stays in the Fight

Based on TradingView data, XRP’s trading volume remains high, indicating that market participants haven’t abandoned the token. Even during its pullback from $3.40 to $2.66, there’s been a healthy amount of activity, meaning traders are still engaged rather than moving on to other opportunities.

A key support level to keep an eye on is $2.50. If XRP can hold above that range, it could stabilize and possibly make another push toward higher resistance levels. But if it slips further, the next critical area is around $2.20, which would be a more significant test for buyers.

TradingView

Will XRP Continue to Defy the Downtrend?

Given how the broader market is struggling, XRP’s ability to hold up this well is impressive. That said, it still faces some challenges. To regain upside momentum, it needs to break back above $3.00 and establish strong buying pressure. If that happens, it could make another run toward recent highs.

But if the broader market weakness continues, XRP could eventually give in to selling pressure. The key difference here is that XRP isn’t leading the drop—it’s resisting it. That’s a sign of relative strength, which could position it for a faster recovery once sentiment shifts.

For now, XRP remains one of the few assets that haven’t completely unraveled in the ongoing downturn. It’s not immune to market conditions, but compared to everything else, it’s holding its own—and that’s saying something.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
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Matoy

Matoy

If Matoy is not busy looking at the latest Web3 news, he's always in the kitchen cooking delicious meals for his family. He's also a competitive fighting game player and a car enthusiast

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