The XRP/USDT chart on a weekly timeframe shows XRP has been in a bearish trend but is now potentially forming a falling wedge pattern. The RSI is oversold, similar to previous market bottoms. A break above the $2.20 resistance level could signal a shift to a bullish trend. The current price of $1.4705 is near a significant support level, and while a reversal is not guaranteed, the technical indicators suggest a potential upward move.