XRP, a veteran in the payment field, has been oscillating back and forth between $2.08 and $2.20 recently, and the dilemma of moving in or out is quite evident.

The rebound from the bottom is looking decent, but every time it approaches $2.20, it gets heavily suppressed. Several consecutive failures have somewhat discouraged the bulls. The support level below at $2.08-$2.05 is holding for now, serving as a psychological bottom.

The market sentiment has been interesting these days—recently, ETF funds flooded in massively, and the mood was once euphoric, pushing the price rapidly up to $2.41 to set a new high. However, profit-taking quickly followed, and the gains were forcibly pulled back. The pendulum-like fluctuations have left many traders dizzy.

But there's a detail worth noting: on-chain monitoring data shows that the selling pressure from large holders is gradually easing, indicating that another wave of market movement might be brewing.

The key now is whether it can hold steady above $2.20. If the bulls can truly take root here, there’s a chance to push for the previous highs later. Conversely, if the $2.05 support level cannot be maintained, it may be time to look for new support levels downward. The next few days will depend on whether XRP can ultimately gain the upper hand in this tug-of-war.