XRP is in a consolidation phase with rejection at the resistance level of $1.6, signaling the possibility of a continued short-term correction. 📉

- On the daily chart, XRP has broken through several important resistance levels, peaking at $1.6 before being rejected and returning to the support level of $1.3. The market is currently in a stage of hesitation with low volatility, indicating the likelihood of continued consolidation.

- On the 4-hour timeframe, the bullish structure remains intact with an expanding wedge pattern and a bullish flag. If the price breaks through the upper boundary, XRP may retest the level of $1.6 and continue to grow. 🚀

The next trend will be determined when the consolidation phase ends.