XRP Dodges $0.50 as Data Reveals It Trades at a 300% Premium, Showing More Resilience Than Its Historical Performance

Market data indicates that XRP is currently showing more resilience than its historical performance, despite the ongoing market turbulence. Notably, XRP is currently witnessing massive bearish pressure as a result of a broader market chaos. Since February 2025, the crypto market has faced turbulence triggered by the bears, having lost over $550 billion in valuation within this period. XRP has also collapsed from its $3.4 peak in mid-January 2025 to trade at the lower end of the $2 range. However, despite this underwhelming performance, analysts believe XRP has held up better than most expected. For one, while the global crypto market cap is down 17% year-to-date, XRP is up 2.72% in the same timeframe. XRP Trades Alongside RTY Meanwhile, market commentator Blockchain Backer recently spotlighted the extent of this resilience, suggesting that XRP might be trading 300% higher than its expected price position, judging from historical precedent. The analyst called this strength "bizarre." Notably, Blockchain Backer compared XRP's historical performance alongside the U.S. Russell 2000 Index (RTY), an index in the U.S. stock market that essentially tracks the stock performance of about 2,000 companies with small market capitalizations. According to his disclosure, each time the broader market has observed an upside or a downturn, XRP and the Russell 2000 Index have moved alongside each other with a strange precision.  For instance, during the COVID-19 period, the RTY witnessed a brief rally from late 2019 to early 2020. However, after meeting a roadblock at the $1,712 peak in January 2020, the index saw a drop that persisted until the end of Q1 2020. Interestingly, XRP saw a similar price action, rising to $0.34 by February 2020 and then collapsing.

This pattern also played out during the crypto bear market in 2022. Specifically, when the RTY recovered from the Q1 2020 crash, it soared from May 2020 to a peak of $2,368 in March 2021 before eventually dropping in early 2022. XRP also soared to a peak of $1.96 in April 2021 before crashing to $0.28 in 2022.

XRP Now Showing Better Resilience  Further, when the market-wide recovery came up in late 2024, XRP and the RTY observed massive rallies. However, now that the bearish pressure has materialized, while the RTY has dropped nearly 19% this year, XRP has shown resilience, up 2.72% within the same period despite its 29% drop in February. According to Blockchain Backer, for the first time, XRP has failed to collapse alongside the RTY during a market crash. The market analyst suggested that if XRP followed the historical trend, its price ought to have been at $0.50 now. With XRP currently trading for $2.13, this means the asset is trading at a 300% premium.

John Bollinger, the inventor of the Bollinger Bands, also highlighted XRP's resilience last month. However, with the market crash still ongoing, it remains to be seen if XRP will follow the trend in the future. Analysts like Astekz are already calling for steeper declines if XRP loses the $2 mark.