XRP rose more than 50 percent at one point before coming under pressure, but its short-term upward structure appears not to have been damaged.

The Crypto Basic, a blockchain outlet, reported on Aug. 25 that XRP broke above $1.60 before selling pressure pushed it down to $1.39. The decline remained limited compared with the recent gains.

The key is whether this pullback becomes the start of further losses or merely a pause before the next rise. So far, a bullish scenario is holding on the 4-hour chart. Major support zones remain below the current price, while $1.6999 was presented as a key target.

The recent drop came after XRP failed to clear resistance around $1.5231. XRP faced resistance near that zone, and buyers could not push the price higher. XRP has now lost support at $1.4194, the 21-day exponential moving average (EMA). Below that is $1.2657, the 55-day moving average. That area serves as a stronger support zone.

The price structure also remains bullish. XRP confirmed a shift to a bullish structure at $1.0086, 26 candles ago, and has not retested that level. The recent swing low of $0.9882 has also not been broken. This supports the view that the pullback has not damaged the broader upward structure.

On the upside, the $1.6999 swing high formed 12 candles ago remains open. If buyers regain control, it is the first upside target to watch. For XRP to strengthen further gains, it must first close above the upper band at $1.5231 on a 4-hour closing basis.

If XRP recovers $1.5231, the next resistance is $1.5800. A break above that level opens the possibility of a retest of $1.6999. If XRP then clears $1.6999 in a breakout that accounts for the volatility range, the next target was presented as $1.7500.

There are also clear downside conditions for the bullish outlook to hold. If XRP falls below $1.2657 on a 4-hour closing basis, key trend support would break and expectations for further gains could weaken. In that case, the $0.9882 swing low could re-emerge as a downside target.

The market’s focus is clear. XRP remains above $1.2657, and the bullish-structure shift zone at $1.0086 and the $0.9882 low are also holding. That makes it too early to say the pullback has broken a weekly rise of more than 50 percent, and the recovery of $1.5231 and the possibility of another push toward $1.6999 remain key points to watch in the near term.