XRP Holds Better than BTC, as Ripple Ledger Enhances Programmability
Ripple is looking stronger than Bitcoin today, with XRP trading above yesterdayβs low, while the BTC price has slipped to the lowest since December 12.
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The cryptocurrency market is experiencing another wave of selling pressure today, with Bitcoin and Ethereum both extending their losses. However, Rippleβs XRP is holding up better in comparison, despite trading about 10 cents lower on the day. After a strong rally in late 2024 and early 2025, which saw XRP reach new all-time highs, the token has faced a steep selloff in recent days.
XRP dropped 20% over the past two days, reaching as low as $2.06 during the early US session yesterday. However, the $2 support level held firm, prompting a rebound that resulted in a bullish hammer candlestick formation by the dayβs close. Despite this potential reversal signal, the upward momentum failed to materialize today, and XRP/USD has edged lower once again.
XRP Ledger Upgrade Brings Smart Features
A major development for XRP Ledger (XRPL) is adding to its long-term potential. One of the most significant updates since its inception in 2013, the XRPL is now introducing βSmart Features,β enhancing programmability for developers while maintaining the security and efficiency of the blockchain. Unlike traditional smart contracts, these Smart Features will allow developers to modify existing functionalities, such as automated market makers (AMMs) and token transfers, without fundamentally altering the XRPLβs architecture. This will provide institutions with the flexibility to tailor XRP Ledgerβs capabilities to meet their specific operational and regulatory needs, increasing its attractiveness for institutional adoption.
Bitcoin Faces Heavy Selling Pressure
Meanwhile, Bitcoin is struggling under renewed selling pressure, marking its third consecutive bearish day. BTC/USD broke below its 100-day SMA (green) on Monday, a key support level that had held for most of February. Yesterday, sellers pushed Bitcoin further below the crucial $90K support zone, which had been in place since late December.
The decline found temporary support at the 200-day SMA (red) just under $86K, leading to a slight recovery by the end of the US session. However, selling has resumed today, and Bitcoin is once again testing the 200 SMA. If this level holds, BTC could see a bounce; otherwise, a further drop toward the $80,000 mark may be on the horizon. While the broader crypto market remains under pressure, XRPβs resilience and the advancements in its ledger technology could provide some support in the long run.
Ripple XRP Live Chart
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