XRP Tests Critical Resistance Near $1.60

XRP's recent correction has been followed by a sharp rebound, keeping it in a constructive short-term setup. The token is trading above its daily moving averages after August's breakout and has found strong support around $1.25-$1.32.

This demand zone coincides with the higher moving average, indicating that XRP's price action has been influenced by this level of support. The next move will be crucial as the asset approaches a major overhead supply region near $1.60, which has capped upside momentum in the past.

The bullish structure remains intact, but the key resistance area around $1.60 is a critical test for XRP's short-term price action and broader adoption potential.