The crypto market has recorded an upward trend today after a slight dip over the weekend, with Bitcoin, Ethereum, and XRP surging. The XRP price had faced pressure in recent sessions as prices dipped toward key demand zones. However, today XRP is up as the broader crypto market recovers, led by renewed strength in Bitcoin.
Broader Crypto Market Recovery and ETF Inflows Support XRP Price
XRP price recovery has been helped by the surge in the overall crypto market. The total crypto market cap has risen to $2.37 trillion, a 2.62% daily increase. Additionally, Bitcoin and Ethereum both surged during the same period. As Coingape reported, Bitcoin has surged to $70k with gold crashing. Ethereum has recovered the $2K level, trading at $2,055, up 4.63% in the past 24 hours. That coordinated recovery lifted XRP price as sentiment improved.
In addition, spot XRP ETF inflows exceeded $58 million in February. These inflows provided steady demand despite broader market weakness. The Altcoin Season Index also edged higher, rising from 31 last week to 33 today.
Although modest, the increase indicated improving conditions for alternative cryptocurrencies. Network activity also expanded. Real-world assets on the XRP Ledger now exceed $2 billion, with monthly growth of 9%-10%.
Geopolitical tensions tied to the U.S.-Iran war had earlier weighed on digital assets. However, markets rebounded as traders returned after the recent dip. The Crypto Fear and Greed Index recently dropped to 15, placing sentiment deep in extreme fear territory. Historically, such levels often precede relief rallies when assets appear oversold.
XRP Price Outlook
At the time of writing, the XRP price was at $1.40, up by 1.39% over the past 24 hours, according to CoinMarketCap data. Its market capitalization is at $85.71 billion, also up by 1.39%. However, 24-hour trading volume declined 8.5% to $3.24 billion.
Previously, the XRP price slipped toward the $1.28–$1.30 demand zone before buyers stepped in. That reaction led to a steady recovery. Higher lows formed around $1.34–$1.35, strengthening short-term structure.
Source: TradingView
XRP’s value then broke above the $1.40 psychological level. Immediate resistance is now near $1.42–$1.43. Meanwhile, support has formed around $1.38, with stronger backing near $1.35.
According to CoinCodex data, the five-day and one-month forecasts both project $1.34. However, its three-month outlook targets are at $1.54. Egrag Crypto shared a fractal-based analysis, outlining a potential upside of $14–$16 if symmetry holds. He assigned a 40–55% probability to that scenario.
Meanwhile, Bird on X highlighted weekly dominance breaking through Bollinger Bands. He noted that a strong weekly close could increase volatility. Bird added that declining dominance could shift market share toward altcoins. In that expansion phase, he referenced levels above $27 for XRP.
Source: https://coingape.com/why-xrp-price-rising-today-2-march/
