As XRP recovers to 8%, the support level it needs to regain to promote a sustained recovery

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As XRP rebounds 8%, it must retake the support level to facilitate a sustained recovery
As XRP rebounds 8%, it must retake the support level to facilitate a sustained recovery
March 1, 2025


XRP

Amid the recent XRP crash, one market analyst previously identified a level that the coin must retake to recover from the slide. To provide context, the broad cryptocurrency market has had a turbulent week as Bitcoin plunged below $80,000 for the first time since 2025, dragging other altcoins down with it. While many altcoins have suffered sharp declines, XRP has shown remarkable resilience, holding steady above the key psychological support level of $2. Now, as selling pressure abates, XRP appears to be recovering some of its value, gaining 8% in the past 24 hours. Still, a full recovery has yet to materialize. Interestingly, market analyst Dom (@traderview2) has previously identified the levels that XRP would need to retake in order for this to occur.

XRP needs to retake $2.2
At the peak of yesterday’s downtrend, Dom highlighted the strength XRP showed as Bitcoin fell 29% from its recent high. He attributed aggressive buying in the Binance spot market to XRP staying above $2, a level that has served as a solid bottom for the past three months. The analyst pointed out that the election VWAP (volume-weighted average price) is a major support, mentioning that Bitcoin has tested this level more than 10 times. Meanwhile, for XRP, he stressed that the asset urgently needs to retake and remain above $2.20 as support. According to him, this could push it towards the middle $2.40 area.

XRP 12-hour chart | traderview
However, Dom noted that a failure to stay above $2 could trigger a retest of lower levels, which would further deepen the decline if Bitcoin falls towards the $75,000 mark. The analyst noted that the current daily chart is encouraging but admitted that it is not conclusive. In another statement, Dom stressed the urgency, arguing that XRP must retake $2.20 as soon as possible to reverse its short-term downtrend. He said continued buying orders at $2 acted as a lifeline, preventing a deeper collapse. For Dom, this level marks the dividing line between continued gains and further consolidation.

Key Support Levels
Meanwhile, speaking on the downtrend, analyst Ali Martinez noted that $1.65 could serve as a potential support zone if selling pressure intensifies. His chart shows that XRP remains within the ascending channel that began forming late last year, even after the recent market crash. If $1.65 fails, XRP could slide below this pattern, which could result in a deeper decline.

$XRP May Find Support at $1.65! pic.twitter.com/2PWZd2JjDb
— Ali (@ali_charts) February 28, 2025

Additionally, analyst Dark Defender examined XRP on the monthly timeframe and suggested that the worst may be over. He claimed that XRP recently touched the lowest Fibonacci level of the fourth wave of the correction, which suggests that the decline may be over. Dark Defender predicts the start of the fifth wave and expects a target between $5 and $8, provided XRP remains above $1.88 and $1.91 as support. Crypto Basic previously expressed concern about this analysis. Currently, XRP is trading at $2.18, up 8.061tpt3t in the past 24 hours and just 0.911tpt3t away from retaking the critical $2.2 level.

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