XRP's Bullish Structure Holds Despite 50% Pullback

XRP's recent surge of over 50% has given way to a pullback, but its short-term upward structure remains intact. The cryptocurrency broke above $1.60 before selling pressure pushed it down to $1.39, but the decline was limited compared to its recent gains.

The key is whether this pullback marks the start of further losses or simply a pause before the next rise. On the 4-hour chart, a bullish scenario is still holding, with major support zones remaining below the current price and $1.6999 presented as a key target.

XRP's recent drop came after it failed to clear resistance around $1.5231, where buyers could not push the price higher. The cryptocurrency has now lost support at $1.4194, but remains above $1.2657, a stronger support zone.