The Macro Picture 🗺️
XRP corrected steadily from its $1.55 May peak, and the June flush to $1.02 marked the capitulation low of that descent. Since then the trend has flattened into a base: price is rotating between the $1.02 macro floor and the $1.20 local cap, coiling near the $1.10 equilibrium with RSI recovering back toward its midline. After a decline this orderly, a defended floor and a tightening range are the hallmarks of accumulation rather than continuation — the market is resetting, and the next expansion waits on a break of either boundary.
The Setup ⚙️
The Floor: The $1.02 macro support (solid green) absorbed the June sell-off and has held every retest since. It stacks with the $1.05 local low to form a high-confluence demand shelf that buyers keep defending.
The Ceiling: The $1.20 local decision (red dashed) caps every bounce. A decisive daily close above it would break the range and put the heavier $1.35 supply band — and eventually the $1.55 macro top — back in view.
The Range Play: The $1.05–$1.10 band creates a structural playground for grid-based accumulation — mechanical entries stacked across the range while price coils, no directional call required until the break confirms.
The Roadmap: Primary target sits at $1.20 — the green roadmap points toward a rotation to the range ceiling as buyers hold the floor. Invalidation: a sustained 1D close below $1.02 would break the base and reopen the downtrend toward fresh lows.
More setups in profile.