XRP (CRYPTO: XRP) is facing a significant downturn, having decreased by approximately 17% over the past month, as it approaches a critical weekly support zone. An analyst from Mango Research, who initially overlooked bearish signals, now acknowledges that XRP was among the first to indicate market weakness, which eventually influenced Bitcoin's decline. Despite the prevailing bearish sentiment, the analyst notes a surge in volatility that may suggest seller exhaustion is developing. Current momentum oscillators indicate that XRP is nearing levels associated with local bottoms and potential relief rallies. The weekly Relative Strength Index (RSI) is approaching deeply oversold territory, a condition seen during previous bear market bottoms. The analyst emphasizes that the support zone remains intact unless a weekly candle closes below it, which would signal a more negative outlook. If XRP can maintain its support, there is potential for the token to establish a rounded consolidation structure before attempting a larger breakout later in the cycle.