The post Why XRP Is Going Up Today & Analyst Price Predictions appeared first on Coinpedia Fintech News
February 2025 was a rough month for the crypto market, with prices taking a sharp dive. The market tumbled 20.57%, dragging Bitcoin down 17.5%, Ethereum by 32.2%, and XRP by 29.3%. The worst of the crash came between February 24 and 26, when the market plunged 12.42% in just two days. Bitcoin followed suit, dropping 12.48%, weighed down by three consecutive red candlesticks.
But here’s where things get interesting – XRP didn’t follow the exact same script. While it fell on February 24, it quickly bounced back the next day, showing signs of resilience. And in the past 24 hours, XRP has surged 8.4%, outpacing both Bitcoin and Ethereum.
So, is XRP breaking free from the broader market downtrend? Could this be the start of a bigger rally? Let’s dive into what analysts are saying.
Crypto Market Dips, But XRP Holds Strong
Yesterday, the total crypto market cap dropped to $2.55 trillion, and Bitcoin briefly fell below $80,000. Meanwhile, XRP touched a low of $1.95 but managed to close above the $2 support level.
At the start of today, XRP traded around $2.14, and it now stands at $2.19, up 2.33% from its opening price. Despite this recovery, analysts warn that a full rebound is still uncertain.
Key Levels: Will XRP Rally or Consolidate?
Crypto analyst Dom believes XRP must break above $2.20 to confirm a stronger rally. If it does, he predicts a rise to $2.40 or higher. He also points out that $2.20 is a key level—if XRP fails to move past it, the market could see more sideways movement.
On the downside, if XRP loses the $2 support level, it may drop further. Dom also warns that if Bitcoin falls to $75,000, it could pull XRP down with it.
Key Levels to Watch
Crypto analyst Ali Martinez highlights a strong support level at $1.65, noting that XRP is still moving within an upward price channel that started last year.
Meanwhile, Dark Defender believes XRP has already bottomed out. He points to a Fibonacci retracement level, suggesting XRP could now enter a fifth wave – a pattern that could push prices to $5 or even $8.
XRP is showing signs of strength despite the broader market dip, but its next move depends on key resistance and support levels. If analysts’ predictions hold, XRP could be gearing up for a major breakout.
The market may be unpredictable, but XRP’s resilience is keeping traders on edge for what comes next.
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