XRP Tumbles After Brief Price Surge

XRP's recent price surge has taken a hit as the token dropped by around 5% in hours to $1.39, underperforming the broader market dip. This sudden drop is primarily driven by profit-taking following XRP's strong rally.

The token had broken above a short-term descending channel, gaining about 10% to nearly $1.47, but now faces a technical pullback from key resistance. This represents a natural consolidation phase after a strong upward move, not a trend reversal.

According to traders, if the price holds above the $1.36 swing low, it will maintain the bullish breakout structure. A sustained close above $1.50 is anticipated to open a path toward $1.70.