Ripple (XRP) Shows Bullish Signal Amid Oversold Conditions

XRP has experienced a significant pullback following its late August peak, currently trading around $1.30. Despite a 6% weekly decline and the failure of the CLARITY Act, analysts suggest the asset may present a buying opportunity. Data indicates that the two-week RSI has hit a historical low of 33.5, signaling extreme oversold territory. Institutional interest remains strong, with cumulative net inflows into spot XRP ETFs exceeding $1.7 billion.