XRP’s Price Tests Key Resistance at $2.20 Amidst Oversold Conditions

After a week of decline, XRP is currently trading around $2.20, prompting questions about the cryptocurrency’s near-term future. While technical indicators suggest potential for a rebound, market participants are divided on whether current conditions will trigger a similar outcome. XRP has fallen more than 10% over the past week and now sits at levels that historically preceded substantial rallies. However, the digital asset’s future remains unclear as exchange flows, particularly large inflows to Binance, signal selling pressure may persist.