XRP · 1H · SIDEWAYS
Price peaked near 1.19 in early July, sold off hard to 1.02, bounced back into the 1.10–1.13 zone, and has been grinding lower since — now sitting at 1.0888, pinned right on what looks like a significant horizontal level that's been acting as a pivot repeatedly across this whole chart. The structure from July 8 onward is a series of lower highs with no clean higher lows, so the short-term lean is bearish, but the broader picture is range-bound between ~1.02 and ~1.19. The CLARITY Act vote expected the week of July 20 is a live catalyst — traders are only pricing 35% odds of it passing this year, which keeps a ceiling on any structural crypto optimism. I'm not chasing anything here — price is mid-range with no clean confirmation in either direction, and a binary news event is 48 hours away.
SHORT (CONDITIONAL) SCENARIO
Confirmation
1.0750
Closing below 1.0750 on the 30m/1H with no immediate reclaim confirms bearish continuation and loss of the current pivot zone.
Invalidation
1.1050
Structure invalidated on a close above 1.1050, which reclaims the recent consolidation ceiling.
Target 1
1.0500
Prior structural support from the late June base.
Target 2
1.0200
The swing low from the June 26 flush.
Risk/Reward
(1.0750 - 1.0500) / (1.1050 - 1.0750) = 0.025 / 0.03 = 0.8:1
LONG (CONDITIONAL) SCENARIO
Confirmation
1.0750
Holding 1.0750 and closing above 1.1000 confirms reclaim of the pivot zone and puts bulls back in control short-term.
Invalidation
1.0700
Structure invalidated on a close below 1.0700.
Target 1
1.1150
Prior consolidation resistance from July 9–11.
Target 2
1.1300
Next swing high resistance.
Risk/Reward
(1.1150 - 1.1000) / (1.1000 - 1.0700) = 0.015 / 0.03 = 0.5:1
Resistance: 1.1000 / 1.1300
Support: 1.0750 / 1.0500
This is not financial advice. Content is AI-generated.