Amidst yesterday’s market turmoil, XRP stood its ground surprisingly well against the tide of red, managing to avoid plummeting to a new low like many of its rivals.

Tuesday was a day that sent shivers through the crypto market, witnessing a significant downturn for major players like XRP and Bitcoin, along with many other cryptocurrencies.

XRP Showed Strength Relative to Bitcoin

During Tuesday’s sharp drop, XRP briefly touched $2.07, marking its lowest point for the week after a 14% fall within the day. However, it’s worth remembering that XRP has weathered even deeper drops this month, notably on February 3rd, when it dipped to $1.70. Despite this week’s crash, XRP has demonstrated impressive resilience.

To put things in perspective, Bitcoin, during the same Tuesday market crash, tumbled below $86K, reaching levels not seen since November 2024.

What’s really interesting is that XRP showed stronger footing than Bitcoin during this market-wide shakeup. It didn’t sink to new lows and actually diverged from Bitcoin’s more pronounced downward spiral.

This notable performance from XRP hasn’t gone unnoticed by market experts and enthusiasts.

In a tweet, Dom, a well-known XRP analyst followed by many, highlighted XRP’s continued strength in its current position. He suggested that the dip below the $2.25 critical level for XRP was simply a “fakeout.”

XRP’s Recovery: What’s Next?

Looking ahead, Dom emphasized the importance of XRP closing the daily trading session above the $2.25 mark and maintaining its position above it.

He also mentioned plans to share more in-depth analysis soon, but is currently keeping a close eye on Bitcoin’s movements over the next few days. According to Dom, the $85K price range for Bitcoin has been a downside target he’s been tracking for weeks.

Dom further cautioned that if Bitcoin’s price were to fall below $85K, it could signal a significant shift in the narrative for both Bitcoin and the broader crypto market.

Despite this note of caution, Dom remains optimistic about XRP, pointing out its resilience compared to 90% of other altcoins and affirming that its chart is still looking healthy.

Echoing this positive sentiment, another analyst, Charting Guy, commented separately, noting that XRP continues to hold its ground above the bull market support band, avoiding a drop below it.

XRP’s Outperformance: Leading the Altcoin Pack

Data from Coincodex further reinforces XRP’s impressive showing. It reveals that XRP has actually performed better than a whopping 93% of the top 100 cryptocurrencies.

Interestingly, while XRP managed to avoid setting a new low on Tuesday, other altcoins like Solana (SOL) and Dogecoin (DOGE) plunged to their lowest points since 2024.

Adding to the positive news, XRP is already bouncing back, showing a significant 7.5% increase and currently trading around $2.31. This recovery has lessened its weekly losses to a more moderate 9.4%.

In contrast, Solana, even with a 5% gain today, is still struggling with a substantial 17% loss for the week and a hefty 38% drop over the month. Dogecoin is facing a similar situation.