John Bollinger, the inventor of Bollinger Bands, has praised XRP for its exceptional resilience during the recent significant downturn in the crypto market.

Notably, this week has been turbulent for crypto, with major assets tanking to historic lows. Meanwhile, XRP has demonstrated resilience, outperforming other major cryptocurrencies.

Bollinger highlighted this strength in a recent tweet, noting that XRP resisted the market’s downward pull better than its peers. He showered praise on the third-largest crypto with the following statement:

“Of all the major crypto assets, XRP resisted the recent singing of the Siren’s song best.”

How XRP Held Up Better Than Bitcoin, Ethereum, and Solana

This observation aligns with XRP’s recent price performance, where it held key support levels while Bitcoin and other top assets faced sharp corrections.

Notably, Bitcoin dipped to $76,600 this week shortly after trading above $86,000. This represented Bitcoin’s greatest decline of the year, taking it back to levels seen in November 2024.

In Ethereum’s case, it lost the $2,000 level completely and dropped to as low as $1,760. The last time Ethereum traded at this level was in November 2023. Currently, Ethereum is trading with a massive yearly loss of 54%.

A similar breakdown occurred in Solana this week, as its price dropped to $113, a low point not seen since August 2024.

Meanwhile, XRP withstood the selling pressure better. It only dipped to $1.916 this week, which is not even its lowest price of 2025, unlike Bitcoin, Ethereum, and Solana, which plummeted to historic lows.

XRP to Become the New Market Leader?

XRP’s remarkable resilience in weathering this storm has attracted widespread admiration from market watchers and critics. Veteran trader John Bollinger is the latest to highlight XRP’s outstanding performance.

In his commentary, he raised the possibility that XRP could become the new market leader. This suggests that XRP might continue to outperform other major crypto assets as the bull season progresses.

Of all the major crypto vehicles Ripple resisted the recent singing of the Siren's song best. Will it become the new leader? $XRPUSD

— John Bollinger (@bbands) March 14, 2025

Already, XRP is leading the recovery in the market among the most prominent assets. Today, XRP is up 6.1%, trading at $2.43. This uptrend has erased its losses over the past 30 days. Now, XRP boasts an impressive year-to-date gain of 16%.

Meanwhile, Bitcoin is up 3% today, trading at $84,200. However, its 30-day performance still shows a 13% loss. Likewise, Bitcoin has lost all the gains it accrued since January, as its YTD performance now shows a 10% loss.

Ethereum is far from fully recovering. While it is up 2% today, trading at $1,930, it remains down by 40% on the 30-day scale. Its year-to-date performance shows a more staggering loss of 43%.

A notable market watcher has shared what he believes is evidence that XRP might have already reached its bottom.

The analysis comes on the back of the ongoing XRP price decline that has persisted since February 2025. This downturn has been as a result of a broader market crash on the back of macroeconomic uncertainties and a bloodbath in the U.S. stock market. 

Now, amid the pullback, analyst Steph (@Steph_iscrypto) has identified what he believes is evidence that XRP might not see lower prices again.

XRP Sees Bullish Divergence

Particularly, the analyst called attention to a bullish divergence on the daily XRP chart, which occurred between Feb. 28 and March 11. 

For the uninitiated, a bullish divergence occurs when an asset sees lower lows while a momentum indicator, like the RSI, observes higher lows. This phenomenon suggests that the selling pressure is now weakening and a reversal could pop up soon.

Data from Steph’s chart confirms that XRP dropped to a low of $1.94 on Feb. 28. The asset recovered days later on the back of President Donald Trump’s strategic reserve announcement but corrected again to form a lower low of $1.89 on March 11.

Interestingly, during this period, the Relative Strength Index (RSI) saw a diverging performance. For context, when XRP dropped to $1.94 on Feb. 28, the RSI slumped to 32.72. However, during the collapse to $1.89 on March 11, the indicator saw a higher low of 43.34. 

Has XRP Bottomed?

According to Steph, the bullish divergence could indicate that XRP has already bottomed in the ongoing correction. Notably, while this might not translate to an imminent explosive run in the short-term, it could confirm that the asset may not go lower than the $1.89 floor from March 11.

Steph highlighted XRP’s historical performance as a guide. He pointed out that during the 2022 bear market, XRP observed a similar pattern. Notably, market data confirms that XRP saw a similar bullish divergence in June 2022, hitting a lower low of $0.28, while the RSI saw higher lows. 

While it took XRP months before it witnessed an explosive surge due to the bear market at the time, its price never went lower than the $0.28 bottom during the market rout. Steph predicts a similar trend for the $1.89 low in the ongoing correction.

A Lofty $30 Target

Meanwhile, leveraging a separate chart, Steph also noted that XRP could actually be on track to reach a lofty $30 price. He identified a double bottom formation on the monthly chart, which indicates the likelihood of an imminent XRP upward push.

For context, the first bottom formed when XRP dropped to a low of $0.1140 in March 2020, while the second bottom formed at $0.2870 in June 2022. Meanwhile, the neckline of the structure rests at the April 2021 high of $1.96 (around $2). 

XRP broke above the neckline in December 2024 and maintained the breakthrough in January 2025. However, the ongoing correction has triggered a retest of the breakout. The asset needs to hold above the neckline at $2 to sustain the breakout. If it maintains this, Steph insists the $30 target could come into play.

A well-known analyst has insisted that XRP still has the potential to reach a two-digit price this cycle, citing its extensive symmetrical triangle formation.

This view, which came from market veteran Ali Martinez, aimed to counteract the prevalent bearish sentiments amid XRP’s downward trend. Notably, as the broader market faces a turbulent phase, XRP has been a victim of this rout, down nearly 29% from the $3.4 peak in mid-January.

The asset staged a recovery effort earlier this month but witnessed resistance that led to an 18.83% intraday decline on March 3, the highest since the Terra collapse in May 2022. Interestingly, despite the turbulence, Martinez believes an earlier projection to $15 remains intact.

The Years-Long Symmetrical Triangle

He discussed this in his latest commentary, calling attention to a seven-year symmetrical triangle formed by XRP from January 2018, when it collapsed from the $3.8 all-time high. For context, even before XRP’s recent breakthrough, multiple analysts had identified this triangle, stressing that a breakout could lead to substantial gains.

In his recent analysis, Martinez confirmed that as XRP formed lower highs from January 2018, this extended the descending trendline at the top. Meanwhile, as the altcoin observed higher lows within this period, it extended the ascending trendline at the bottom. This essentially formed the symmetrical triangle.

Notably, XRP eventually broke out of this symmetrical triangle structure when it skyrocketed by a massive 283% in November 2024 on the back of President Donald Trump’s victory. This marked XRP’s largest monthly gain in seven years, setting the stage for a sustainable uptrend.

XRP Retesting Triangle Breakout

However, after two more months of upside, XRP now appears to be seeing a pullback amid the broader market’s downturn. Data from Martinez’s chart shows that this is likely a natural retest of the triangle breakout. Interestingly, even if XRP drops below $2, it would still maintain the breakout as long as it holds above $1.

Retests like this are expected in the market and typically confirms the strength of the breakout before any other explosive surge. As a result, Martinez maintains that XRP’s earlier target of $15 remains intact. The asset would likely aim for this level once it recovers from the ongoing correction.

The analyst likely reached this target by measuring the height of the widest point of the symmetrical triangle and then adding this distance to the breakout point. Currently, XRP changes hands at $2.43, already up 13.7% this month. To reach the $15 mark, the asset would need to rise by an additional 517% from the current level.

Notably, as XRP looks to break free from the bearish pressure in the short term, analyst CW recently highlighted a sell wall between $2.5 and $2.62 that could present resistance. According to him, however, if XRP decisively breaks this wall, it would witness a smooth sail to the $2.8 mark.