XRP has recently bounced back by 8% after a market downturn, showing signs of resilience despite the broader cryptocurrency market’s struggles. As Bitcoin dropped below $80,000 for the first time in 2025, altcoins, including XRP, were affected. However, XRP has managed to stay above its crucial $2 support level, which has been a vital psychological threshold for the coin in recent months. While this recovery is encouraging, analysts believe that a significant level needs to be reclaimed for the altcoin to continue its recovery trajectory.

One such analyst, Dom (@traderview2), has pinpointed the $2.20 level as a crucial barrier for XRP. According to Dom, reclaiming and holding $2.20 as support would signal a potential move toward the mid-$2.40s. He highlighted that XRP has been able to stay above the $2 mark due to strong buying pressure, particularly on Binance’s spot market. This demand has helped prevent the price from falling further and allowed the altcoin to exhibit resilience in a bearish market environment. For Dom, the $2.20 level is a critical point of support, and if XRP can stay above this, it could pave the way for an extended rally.

However, if XRP fails to reclaim the $2.20 level, it could face additional challenges, and the price could fall back into a consolidation phase or even retest lower levels. If Bitcoin’s price continues to decline, it may drag XRP lower, possibly testing the $1.65 support zone. Analyst Ali Martinez has pointed out this level as an important area to watch if selling pressure increases. If XRP breaks below this level, it could lead to further declines, and the coin could lose its upward momentum.

In addition to the near-term support levels, some analysts are optimistic about the long-term outlook for XRP. Dark Defender, another well-known crypto analyst, believes the worst of the recent downturn may be over for XRP. Based on technical indicators, Dark Defender suggests that the recent price drop could have marked the end of a corrective phase, and XRP could now be entering a new bullish wave. If XRP can maintain support above key levels like $1.88 and $1.91, there is potential for the coin to hit much higher targets in the future, with projections ranging from $5 to $8.

At the time of writing, XRP is trading at $2.18, just shy of the key $2.20 resistance level. The next few days will be critical for determining the path XRP will take. If it can reclaim $2.20 and establish it as solid support, there could be room for further upside movement. On the other hand, if the price fails to hold above $2 and falls back below this critical level, it may face more significant downside risk, especially if Bitcoin’s price experiences further declines.

In conclusion, XRP’s immediate price action hinges on its ability to maintain support above $2 and break above the $2.20 resistance. If the market continues to show signs of recovery, XRP could see further gains. However, if selling pressure intensifies, it could lead to a deeper correction. Traders and investors alike will need to closely monitor the $2 and $2.20 levels, as they will provide critical insight into XRP’s short-term price trajectory. With the cryptocurrency market remaining volatile, XRP’s next moves are far from certain, and a close eye must be kept on Bitcoin’s movements as they will likely impact the entire altcoin market.