Technical Expert Commends XRP, Says It Could Lead the Market

John Bollinger, the creator of the Bollinger Bands technical indicator, has praised XRP for its resilience amid a recent downturn that affected the broader cryptocurrency market. While most major digital assets saw significant declines, XRP demonstrated relative strength, outperforming its peers during the selloff. He stated that among the major cryptocurrencies, XRP showed the most resistance to the bearish pressure. His remarks have sparked discussions about whether XRP could emerge as a market leader in the ongoing cycle. This comes at a time when XRP’s market dominance is showing strong momentum. XRP Withstands Market Decline Better Than Bitcoin, Ethereum, and Solana The recent market correction saw major cryptocurrencies experience steep losses, with Bitcoin, Ethereum, and Solana all dropping to levels not seen in months. Bitcoin, which had been trading above $86,000, plunged to $76,600, marking its most significant decline of the year and returning to price levels last seen in November 2024. Ethereum faced an even sharper decline, losing its footing above $2,000 and falling to $1,760. This drop pushed Ethereum to its lowest point since November 2023, resulting in a significant year-to-date loss of 54%. Solana followed a similar trajectory, dropping to $113, a level it had not touched since August 2024. These declines reflected a broader weakness in the market, with most top assets struggling to maintain key support levels. However, XRP displayed stronger stability in comparison. Although it dipped to $1.916, this was not its lowest price of 2025. Unlike Bitcoin, Ethereum, and Solana, which all fell to multi-month lows, XRP managed to hold above key support levels, reinforcing its resilience. Can XRP Take the Lead in the Crypto Market? Following its performance in the recent market turbulence, XRP has gained increased attention from analysts and investors. John Bollinger’s endorsement further fueled speculation about its potential to emerge as a leading asset in the current cycle. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 While it remains uncertain whether XRP will maintain this momentum, its ability to withstand heavy selling pressure suggests it may continue to outperform other major cryptocurrencies in the coming months. Notably, the asset has been leading the market’s recovery, posting stronger gains than Bitcoin and Ethereum in recent trading sessions. As of today, XRP is trading at $2.37. This increase has erased its losses from the past 30 days and pushed its year-to-date gain to 15%. In contrast, Bitcoin is trading at $84,200 after a 3% increase today, though it still reflects a 13% decline over the past month and a 10% year-to-date loss. Ethereum remains one of the worst-performing major assets, gaining only 2% today to trade at $1,930. Despite this minor recovery, it remains down 40% over the past month and has recorded a steep 43% decline since the start of the year. XRP’s ability to hold up against market downturns while other leading cryptocurrencies face sharp corrections has drawn praise from industry experts. With strong technical indicators and growing support from influential traders, the asset may continue to show strength as the market stabilizes. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Technical Expert Commends XRP, Says It Could Lead the Market appeared first on Times Tabloid .