XRP: local squeeze with $1.2013 destination
The Macro Picture 🗺️
XRP unwound from the $1.5501 macro ceiling into a summer range and now sits at $1.0664, holding above the $1.0072 macro floor. Price is coiling in the lower half of the range with the floor intact — a base rebuilding, not a breakdown.
The Setup ⚙️
The Range Floor 🟢
$1.0072 (Macro Support) is the demand base the range pivots on. It has held on retest through July, and that's the floor a recovery would build from.
The Decision Point 🔴
$1.1832 (Local High) is the gate. A daily close above it flips the local structure bullish and opens the path to the $1.2013 measured-move target.
The Roadmap 🛣️
Hold above $1.0072 → break $1.1832 → run toward $1.2013. Invalidation is a clean daily close below $1.0072 — that breaks the range.
This is a GRID Range Play: a defined band to rotate, buying the lower half and scaling out into the breakout.
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