The Macro Picture 🗺️
XRP just executed a textbook liquidity hunt — the same setup we mapped three weeks ago resolved exactly as the structure demanded. Price swept the $1.13 macro support, overshot to $1.05, and triggered the capitulation flush that desperately needed to happen before any recovery could begin. RSI carved a higher low on this flush versus the February low even as price made fresh lows — the kind of bullish divergence that marks a structural reset, not a continuation.
The Setup ⚙️
The Sweep: The June flush wicked down to $1.05 and snapped back inside the same week, marked on the chart by the long lower wicks that defined the local low. That's the signature of stops getting cleared rather than supply taking control — over-leveraged shorts now sit trapped beneath every candle on the bounce.
The Reclaim: Price is now defending $1.13 from above, the same macro support that absorbed the February sweep and got briefly broken in June. As indicated by the white projection, the path of least resistance points toward a staggered ascent — base-building above $1.13, then a leg up through $1.20 on the way back to the prior range floor at $1.30. That broken floor has flipped into resistance and desperately needs to be retested from below.
The Trigger: A clean 1D close back above $1.30 would flip the broken range floor into reclaimed support and open the path toward the macro ceiling at $1.55. That's the same ceiling that capped every rally since the January peak, making it the next high-confluence zone where bulls and bears will fight for control.
The Roadmap: Primary target sits at $1.30 — the prior break level where the bears are now defending, a high-confluence zone where the post-flush reclaim either confirms or fails. Invalidation: a sustained 1D close below $1.05 would invalidate this bullish thesis and signal a structural continuation toward the $1.00 round number and the macro liquidity pocket beneath it.
