XRP dropped under $1.50 on Thursday, quickly reversing gains from earlier in the week after initially surging past $1.60. The retreat comes even as US-listed spot exchange-traded funds continued to post strong inflows. Analysts had warned that XRP’s rally toward $1.60 would face significant selling pressure. Crypto analyst Ali Martinez highlighted this zone as a major resistance level, citing on-chain data that identified a cost-basis cluster—a region where about 2.5 billion XRP previously changed hands and many holders could consider taking profits.