Amid the recent XRP crash, a market analyst previously identified a level that the altcoin must reclaim to recover from the slump.
For context, the broader crypto market endured a turbulent week as Bitcoin plummeted below $80,000 for the first time in 2025, dragging altcoins down with it. While many altcoins suffered steep declines, XRP showcased notable resilience, holding firm above the critical $2 psychological support level.
Now, as selling pressure wanes, XRP appears to be recovering some of its last value, up 8% surge in the past 24 hours. Despite this, a full-blown recovery has still not yet materialized. Interestingly though, Dom (@traderview2), a notable market analyst, had previously identified the level XRP needs to reclaim for this to occur.
XRP Needs to Reclaim $2.2
In an analysis during the heat of the downtrend yesterday, Dom emphasized XRP’s strength in the face of Bitcoin’s 29% drop from its recent peak. He credited aggressive buying on Binance’s spot market for keeping XRP above $2, a level that has served as a sturdy floor for the past three months.
The analyst called attention to the election VWAP (volume-weighted average price) as a major support, noting Bitcoin tested this level over 10 times. Meanwhile, for XRP, he stressed that the asset desperately needs to reclaim and hold above $2.20 as support. According to him, this could propel it toward the mid-$2.40s.
XRP 12h Chart | traderview
However, Dom noted that a failure to hold $2 might trigger retests of lower levels, and if Bitcoin dips toward the $75,000 mark, this could further deepen the decline. The analyst pointed to the current daily chart as encouraging but admitted that it wasn’t conclusive.
In a separate disclosure, Dom stressed urgency, arguing that XRP must recapture $2.20 soon to reverse its short-term downtrend. The persistent bids at $2, he says, have acted as a lifeline, preventing a more severe breakdown. For Dom, this level marks the borderline between a sustained rally and further consolidation.
Crucial Support Levels
Meanwhile, speaking on the downtrend, analyst Ali Martinez identified $1.65 as a potential support zone if selling pressure intensifies.
His chart shows that XRP remains within an ascending channel that began forming late last year, even after the recent market rout. Should $1.65 fail, XRP could slip below this pattern, possibly leading to deeper declines.
$XRP could find support at $1.65! pic.twitter.com/2PWZd2JjDb
— Ali (@ali_charts) February 28, 2025
Further, analyst Dark Defender examined XRP on a monthly timeframe, suggesting the worst may be over. He asserts that XRP recently hit the lowest Fibonacci level of a corrective fourth wave, indicating the downturn has likely concluded.
Dark Defender anticipates the start of a fifth wave, projecting targets between $5 and $8, provided XRP maintains support above $1.88 and $1.91. The Crypto Basic previously called attention to this analysis. Currently, XRP trades for $2.18, up 8.06% in the last 24 hours, and 0.91% away from reclaiming the pivotal $2.2 level.
