XRP Price Rebounds Amid Market Volatility

The price movement of XRP against Bitcoin (BTC) remains a hot topic in the cryptocurrency market. Recent developments have further intensified this discussion, particularly after the market impact of Chinese AI chatbot Deepseek, which disrupted Nasdaq and slashed $500 billion from Nvidia’s (NASDAQ:NVDA) market cap. This event caused a ripple effect, hitting the XRP/BTC pair hard.

XRP experienced a sharp decline, losing 9% against BTC and bottoming at 0.000027 BTC per XRP. However, buyer activity swiftly emerged, helping the altcoin recover over half its losses within hours. This rebound pushed XRP above the middle line of the Bollinger Bands on the daily chart, suggesting buyer strength and a potential bullish bias.

If XRP maintains support above 0.00002885 BTC, it could target 0.0000335 BTC, representing a 16% upside from the current level. While reaching its all-time high of 0.000245 BTC, set in 2017, seems unlikely, the recovery signals growing interest in the asset.

At current prices, achieving the previous peak would require XRP to hit $24.8, giving it a market cap of $1.43 trillion—a scenario considered improbable. For now, the focus remains on whether XRP can hold above the middle Bollinger Band, a critical level for continued upward momentum.

As traders eye these developments, XRP's resilience highlights its enduring relevance in the ever-volatile cryptocurrency market.