XRP Price Could Explode Higher if It Reclaims Key Resistance Level

XRP has been consolidating near $1.35 in recent weeks, and crypto enthusiast Levi Rietveld believes this is a sign that the asset is loading up for its next move.

Rietveld pointed to a 4-hour chart showing XRP's price action since August, where it formed a tight descending range before breaking out massively on August 19. The digital asset surged from near $1.05 to a peak approaching $1.70 within days, representing a gain of over 60% from the base.

Since that peak, XRP has been declining in a controlled fashion, testing key support levels along the way. Rietveld believes that if XRP can reclaim its resistance level at $1.40, it could send the asset toward $1.45 to $1.50.