wake jump

I have an 05' R-12x and recently have been getting an oil warning when holding it at close to full throttle and when I hit cosecutative waves which make the machine bounce.

I checked the oil after letting it warm up and the oil line was about an inch PAST the top indicator line on the dip stick. I am going to remove some oil when I get a chance so it is between the lines, but this has recently been happening and the same amount of oil was in previously.

I have read on here about replacing some sensors with some responses of success and some not.

Does anyone have any insight on this, if so it would be appreciated.

Thanks!