XRP May Soon Test Key Resistance Level as Crypto Markets Consolidate

In the near-term, XRP may see some relief however, as one analyst is noting that it is likely to once again target a key resistance level, with its reaction to this level possibly setting the tone for how it trends throughout the first part of 2019. In the near-term, it does appear that 0.00004000 is a critical resistance level for XRP, as this is around where it peaked in late-October when the aggregated crypto market rallied.

Livercoin, a popular cryptocurrency analyst on Twitter, spoke about this resistance level in a recent tweet, telling his followers that he believes this level will be revisited after it breaks above the upper boundary of the aforementioned trading range. Assuming that XRP does gain momentum and begins surging towards its resistance levels, it is likely that it will only be able to break through these levels if the aggregated crypto market begins to show some signs of having greater strength.

Timeline of Xrp