XRP's pushing 1.9% higher into 1.0807 and it's parked right on the EMA55 at 1.0812 — the exact level that flipped bearish 35 bars ago when the last BoS printed at 1.085. Trend bias on the 4H is still down, but price is now in the upper half of the volatility band with the band ceiling sitting at 1.0888, so there's a bit of room before we're extended.

The reason this matters: the swing high at 1.095 is still open, meaning the horizontal line drawn 19 bars back has yet to be reclaimed. That's the pivot the whole idea hangs on. Under 1.081 EMA55, sellers technically still own the tape — we've just seen a reaction bounce off the swing low at 1.045 (also still open, 31 bars back). So this is a mean-reversion pop inside a downtrend until proven otherwise.

The setup activates on a clean 4H close back above 1.0888 (upper band) followed by acceptance through 1.095. That's the sequence that flips structure and invalidates the bearish BoS. Entry zone: 1.089-1.095 on a retest that holds.

Invalidation: a 4H close back below 1.0731 (EMA21) puts the rejection thesis firmly back in play and drops price toward the lower band.

Targets: 1.095 — the open swing high, first real test. 1.118 — clean air above prior swing structure. 1.1843 — window high and the level that would confirm trend flip.

Setup: 4H close above 1.0888 upper band and acceptance through the 1.095 swing high activates the reclaim setup.
Invalidation: 4H close back below 1.0731 EMA21 negates the reclaim and puts sellers back in control.
Targets: 1.095 — open swing high, first structural test · 1.118 — clean air above prior swing · 1.1843 — window high, confirms trend flip