"Young love so
strong has never been a part of me
Young love hold on
we're feeling it now
Is this the way it's meant
to be "

1. What does "hold on" mean in the context above?
2. Is it a common usage in English?
Hold on = keep a hold of, or don't give up.

Yes, it's pretty common. "You've just got to hold on a little longer, and you'll succeed."
Thanks, GG.