XRP Tests Critical Resistance at $1.60 Amid Broader Bullish Structure

XRP has been trading in a constructive short-term structure after rebounding sharply from its recent correction. The asset is now approaching the major $1.60-$1.70 supply zone, which has repeatedly capped upside momentum.

On the daily timeframe, XRP continues to trade well above both moving averages following August's explosive breakout. The price found strong support around the $1.25-$1.32 demand zone and launched another impulsive recovery, carrying the asset back toward the major supply zone.

The latest candles show the price consolidating around $1.54 after several attempts toward $1.60-$1.65 were rejected, suggesting that sellers remain active in this region.