The price of Ripple (XRP) has risen by 9% to $2.17 after a small decrease in the beginning of this week. The cryptocurrency has been quite volatile, especially in February, but it seems to be turning the corner as March begins, mirroring the broader rally led by Bitcoin (BTC).
XRP’s price fell to $1.95 earlier today, but then it formed a bullish hammer candlestick formation, which may indicate a reversal of the trend. XRP had a remarkable performance in the last quarter of 2024 and the early part of 2025, rising by almost 480% to $3.30 by mid-January, due to Donald Trump’s win and a more friendly SEC chairman.
However, February experienced a steep correction, with the price dropping below $2 after a selloff across the market due to the introduction of low-cost DeepSeek. Nonetheless, the price has been supported at $2, and buyers have taken charge to prevent further decline in the price of XRP.
This is particularly so given that the broader market has been under pressure in recent days. Bitcoin and Ethereum have recorded higher declines than XRP, which has recorded relatively small declines and the potential to bounce back.
Also, the relaxation of bureaucratic constraints has helped to enhance the confidence of investors. The case against Ripple has become less strong for the SEC since Judge Torres ruled that XRP is not a security and since other crypto firms have been relieved or had their investigations put on hold.
With improving market conditions and legal clarity, XRP seems poised for a rally above $3 this month. If momentum continues, March could mark the start of a significant recovery for Ripple.
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