Ripple (XRP) is showing signs of trying to bounce back, but whether it can really take off remains to be seen, especially when compared to exciting new altcoins like Pi Network and fresh faces on the market like Kaito token. The price of XRP has been tightly linked to news about regulations and how the market generally feels. Even though the crypto market has been down, XRP has been trying to get back on its feet, but it’s got tough competition from these newer coins nipping at its heels.

Can XRP Recovery Outpace Pi Network and Rising Altcoins?

Despite the overall market showing some recent upward movement, XRP’s price is still moving slowly and struggling to gain momentum. It has managed to climb from a low of $2.15 to over $2.20, but it seems to be missing that strong push to really get going.

XRP’s performance continues to be lackluster mainly because the uncertainty around the SEC lawsuit is dampening market enthusiasm, even though there’s a lot of bullish buzz around newer altcoins.

Pi Network and KAITO have really captured the market’s attention and are becoming big names in the cryptocurrency world. PI saw a remarkable 30% surge in just the last day, pushing its value to a fresh all-time peak of $2.99 before settling slightly at $2.95.

This rapid climb comes on the heels of Pi Network’s mainnet launch on February 20th, which has really whipped up market excitement.

What’s more, Binance is wrapping up its community vote on whether to list PI today, February 27th. If it gets listed, that could definitely give its price an extra boost.

Since KAITO launched, it’s been on a consistent upward trend, rocketing it into the top 100 cryptocurrencies. February 27th was a particularly strong day for the token, proving it can stay steady even when the market is shaky. It actually hit a new all-time high on Feb 27th, showing it’s resilient despite market ups and downs. The Kaito coinbase listing has been a major factor fueling this surge.

The fact that KAITO has been steadily rising since its February 20th launch clearly points to strong interest from buyers. Now, market watchers are eagerly waiting for Binance’s decision on listing PI and any updates on the XRP lawsuit, as these could give a clearer direction for where prices might head next.

XRP Open Interest Rises 3.44%

Data from Coinglass shows that XRP’s recent price movements are happening at the same time as a 3.44% jump in open interest for options, reaching $1.12 million. This suggests that more people are getting involved in the market and that there’s increasing speculation around XRP.

Key XRP Levels To Watch

Even though sellers are still active, XRP’s price is managing to stay above the $2.20 mark. The market seems to be struggling a bit as XRP, a major altcoin, tries to find stable ground. Looking at the current price action, it appears there’s resistance around $2.50, with even stronger resistance likely near the $3.00 level.

The Moving Average Convergence Divergence (MACD) indicator on the 4-hour chart is giving a slight hint of positive momentum building. The MACD line is currently just a little bit above the signal line.

If buying interest picks up steam, XRP could potentially break through the $2.50 resistance. This could then open the door for further gains, possibly aiming for the $3.00 level.

However, if XRP dips below $2.20, the next significant support level to watch for is around $2.00. If it drops below this point, it could really ramp up selling pressure and drive prices further down.

In a nutshell, it’s still unclear if XRP’s recovery can keep pace with the momentum of Pi Network and KAITO. While Ripple is hovering around $2.20, Pi and KAITO are showing stronger upward movement. Ultimately, whether Ripple can outperform these rising stars might hinge on Binance’s decision regarding PI and getting more clarity on the legal situation with XRP.