XRP Slingshot Setup Builds As Market Enters Potential Bottoming Phase

XRP is showing technical signs of entering a potential bottoming phase with its weekly RSI reaching historically oversold levels not seen since major market lows in 2014-2022. Analysts point to a developing slingshot setup around the $1.30-$1.35 support zone that could lead to recovery toward $3-$8.50 if demand returns.