XRP Price Compression And Oversold RSI Hint At Potential Slingshot Reversal Setup

XRP is trading around the $1.35 area, where analyst Diana views the current structure as a high‑timeframe reset after a major rally rather than a full market breakdown. The $1.30–$1.35 zone is acting as key support while momentum cools and price compression develops, with some projections pointing to eventual targets between $3 and as high as $5–$8.50 if support holds. Another analyst, EGRAG CRYPTO, notes that XRP's weekly RSI has moved into historically oversold territory last seen near prior macro lows, suggesting the market may be entering a bottoming phase rather than signaling an immediate final bottom.