XRP: Explodes Into $1.60 — Now Comes the Real TestXRP / TetherUSBINANCE:XRPUSDTDukesMarketAnalysisHuge Recovery From Below $1.00 XRP has staged a remarkable recovery from its recent $0.9862 low, surging more than 70% at its peak. The move has driven price back above the 21/8-Week EMAs, with both averages now turning sharply higher. Major $1.60 Resistance Holds Despite the strength of the recovery, XRP has run directly into the major $1.60 resistance zone. Until this area is convincingly reclaimed on a closing basis, the broader weekly chart continues to exhibit a series of lower highs and lower lows. Consolidation Follows the Surge On the 4-hour chart, XRP is now consolidating following the explosive move, with volume declining significantly as price moves sideways. RSI has also worked off overbought conditions while remaining comfortably above 50. The Short-Term Range Takes Shape The immediate levels are becoming increasingly clear. A break above $1.5507 would increase the odds of another test of the recent highs, while losing the $1.378 swing low would increase the risk of a deeper retracement. A Large FVG Remains Below Should the pullback deepen, a sizeable FVG remains between approximately $1.1135–$1.1178. This sits considerably below current price, but could become increasingly relevant if $1.378 gives way and short-term structure begins to deteriorate. In Summary XRP has exploded from below $1.00, but the recovery has now reached its first major test around $1.60. The broader weekly structure remains bearish until this area is convincingly reclaimed. In the short term, price is consolidating between $1.378 and $1.5507, which strengthens the short-term outlook. A break higher could trigger another attack on the recent highs, while losing $1.378 would increase the risk of a deeper retracement towards the FVG below.