Usman Salis
XRP's steep decline during the Covid crash stands as a powerful reminder of how fast things can unravel when panic takes over. As traders look back at those charts now, with fresh volatility shaking the markets, it's worth asking whether we're seeing echoes of that brutal period—and whether XRP has what it takes to bounce back again.
What Happened in March 2020
Market watcher Cristian Chifoi recently posted a chart showing just how hard XRP got hit during the 2020 crash. The token dropped to around $0.17, one of its worst moments ever. That wasn't just crypto weakness—it was part of a global meltdown as Covid shut down economies and investors dumped everything they could. For XRP holders, it was a harsh lesson in how quickly fear can wipe out months of gains.
The chart tells the story pretty clearly. XRP collapsed to $0.17, marking the cycle's bottom. It kept making lower highs, unable to push past resistance as sellers stayed in control. After the worst of the selling, though, the token found some footing and traded sideways for a while—likely as smarter money quietly accumulated before the next move up. It's a classic pattern of panic followed by patience.
Why This Still Matters
Today's market isn't the same as March 2020, but the lessons carry over. Big external shocks—whether it's a pandemic or something else—can blow through technical levels like they don't exist. The Covid crash proved that. But it also showed that panic-driven lows often set up the next recovery, especially when key support zones hold. That $0.17 level became the foundation for XRP's eventual climb back. For anyone trading now, it's a reminder that extreme volatility cuts both ways—it's dangerous, but it can also create opportunities if you're paying attention.
The Covid crash left a scar on XRP's chart, but it also proved the token could recover from deep lows. As investors compare today's choppiness to those dark days, the big question is whether history's about to repeat itself. If XRP follows its old playbook, the current turbulence might end up being the setup for another major run. Only time will tell.
Usman Salis
