With the cryptocurrency market going through a turbulent period this year, digital assets such as Ripple’s cross-border settlement token, XRP, has shown both unpredictable highs & lows.  Recently, the price of XRP has been met with resistance at key places as the asset continues to be influenced by a variety of variables, ranging from legal considerations to the general tone of the market.

XRP Price To Fall Further?

According to crypto analyst Michael van de Poppe, the XRP token has run into significant resistance at the level of $0.37. He also mentioned that based on the recent price movement, the preferred option is to see the token reclaim the $0.343 level relatively quickly. He expressed these thoughts in a tweet on December 30.

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If the price however does not recover, Michael believes that there is likely a considerable amount of liquidity on the downside that might be taken advantage of. He also drew parallels between the current state of XRP and the recent performance of Bitcoin (BTC).

Additionally, he emphasized that investors should keep a close eye on the $0.265 level, as this is often regarded as a significant support level for XRP.

Request 01 – $XRP

This one looks a bit odd, as we’ve seen a harsh rejection at $0.37.

I’d prefer to see $XRP reclaim the level at $0.343 relatively fast, otherwise, a ton of liquidity is on the downside to be taken (comparable with