XRP Rebounds Above $1.60, but Durability Is Unclear

XRP climbed above $1.60 during a sharp rebound, while its ability to hold that level remained uncertain as of September 23. The move coincided with increased trading and network activity, but those measures do not establish whether large holders were accumulating or selling, and analysts cautioned that speculative positioning can amplify volatility. The token’s price moved from about $1.25 to nearly $1.66 before pulling back, according to one market analysis. On September 22, XRP also recorded a daily close above $1.544, its first close above that level since early February, according to reported price data. That close marked a recovery beyond a level that had repeatedly held back gains earlier in the year. The $1.60 area is a significant test for the rebound. XRP approached the level during an active four-hour trading period on September 22, but the candle was incomplete, so the move did not confirm whether the price could establish a sustained breakout. The token had also met resistance near $1.60 in August before later falling to about $1.245 on September 16.