XRP holds $1.30–$1.35 support as weekly RSI enters oversold

Analysts flag early bottoming signs in XRP as price compresses around $1.30–$1.35 and weekly RSI nears historic oversold. Slingshot setup forms if market structure holds.

Crypto analyst Diana reads the monthly chart as a high-timeframe reset after a major rally, not a collapse. She points to price stabilization at $1.30–$1.35 and fading sell pressure. Source: Diana on X, prior rally context.

She adds that tradable float may be tighter than assumed. Large tranches sit locked, off exchanges, or with long-term holders. A demand pickup could move price quickly. Source: Diana on X.

If support holds and resistance is reclaimed, targets re-open. First toward $3. With a stronger cycle, $5–$8.50. A clean break below support implies a deeper reset first. Source: Diana on X. Compression can resolve in either direction. Source: NewsBTC on breakout risk.

Weekly RSI is entering what could be the most oversold zone in XRP’s history, per EGRAG CRYPTO. Similar prints appeared near macro lows in 2014, 2015, 2018, 2020, and 2022. Source: EGRAG on X.

Oversold does not mean an instant bottom. It often marks a bottoming phase: final liquidity sweep, then sideways accumulation, then recovery. Sources: EGRAG on X, NewsBTC on liquidity sweeps.

Key levels and signals to watch:
- Support: $1.30–$1.35 holding or failing. Source: Diana on X.
- Momentum: weekly RSI in historic oversold. Source: EGRAG on X.
- Pathways: reclaiming resistance toward $3, then $5–$8.50, versus deeper reset on breakdown. Source: Diana on X.

Title: Analysts see XRP bottom setup at $1.30–$1.35; weekly RSI in historic oversold