The crypto market faced a challenging week as Bitcoin dropped below $80,000, impacting altcoins across the board. However, XRP managed to hold above the critical $2 support level, signaling resilience. Analysts suggest that reclaiming $2.20 could push XRP toward $2.40, while a break below $2 might trigger a drop to $1.65 or lower.
XRP Maintains Key Psychological Support
With Bitcoin falling below $80,000 as 2025 approaches, most altcoins suffered heavy losses. However, XRP stood out by holding firm above the $2 psychological support level. Despite a brief 8% recovery in the last 24 hours, analysts caution that the market has yet to stabilize fully.
Market analyst Dom, in a February 28, 2025, post on X, emphasized the significance of XRP maintaining the $2 level. According to him, a move above $2.20 could propel XRP toward $2.40, whereas a drop below $2 could lead to further declines, especially if Bitcoin dips to $75,000.
Key Support Levels for XRP
During the latest market downturn, the $2 support level played a crucial role in preventing deeper losses for XRP. Analyst Ali Martinez highlighted that if $2 fails to hold, $1.65 could serve as the next major support zone. He also warned that a breakdown below $1.65 could increase selling pressure, leading to further declines.
Meanwhile, analyst Dark Defender analyzed XRP’s monthly chart, noting that the correction phase might have reached its lowest Fibonacci level. If XRP sustains support at $1.88–$1.91, he predicts a potential surge toward $5–$8 in the coming months.
With market conditions remaining volatile, investors are closely watching these levels to determine the next move for XRP. Turkish NY Radio will continue monitoring price action and key developments in the crypto market.
