XRP's Resilience: Bounces Back After Deepseek's Impact

XRP's price action against Bitcoin (BTC) has been a hot topic in the crypto market, with recent events highlighting the altcoin's resilience. The recent chain of events, including Chinese AI chatbot Deepseek's impact on the Nasdaq and Nvidia's market cap, caused a ripple effect on the XRP/BTC chart. As an altcoin, XRP initially suffered a more significant price drop than Bitcoin, losing up to 9% to BTC and hitting a low of 0.000027 BTC for 1 XRP. However, the dip was quickly bought, and XRP recovered more than half of its losses in the following hours.

Notably, XRP managed to rebound above the middle curve of the Bollinger Bands on the daily price chart, indicating the strength of buyers and their bias toward XRP against BTC. If XRP can maintain its position above 0.00002885 BTC, the path to 0.0000335 BTC, a 16% increase, could be open. While the all-time high for this pair stands at 0.000245 BTC, set in 2017, it is unlikely that this historic high will be reached again, given the current market conditions. The focus now is on whether XRP can stay above the middle Bollinger Band.