{
  "ticker": {
    "uuid": "c4b361a7-1f3f-4324-aaa9-f644e346107d",
    "symbol": "XRPQ",
    "name": "3iQ XRP ETF",
    "exchange": "TOR",
    "country": "CA",
    "assetType": "etf"
  },
  "methodBoundary": "The SM framework classifies the established weekly price path as the Core Trend. Faster and slower Trend views and Sharemaestro context describe that state but do not alter its direction.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "latest_close": 6.44,
    "direction": "negative",
    "state": "Negative across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 20.9,
    "boundary_margin": -0.691866,
    "trend_agreement": "Fully aligned",
    "persistence": "Early",
    "direction_turnover": "Low",
    "annualized_volatility": 0.364408,
    "volatility_stability": 0.8548,
    "risk_context": 0.2744,
    "current_regime": {
      "move": -0.111724,
      "interruption": 0.081967,
      "interruption_label": "Largest rebound inside regime"
    },
    "research_priority": 93.077,
    "interpretation": {
      "label": "Negative across all Trend views",
      "headline": "All measured Trend views are negative",
      "body": "The faster, intermediate, established and Core Trend views point in the same direction, giving the current regime broad agreement.",
      "age_context": "The current Core Trend remains in its early lifecycle.",
      "boundary_context": "The latest close is 69.2% below the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2026-06-19",
        "close": 7.25,
        "direction_boundary": 13.36,
        "core_momentum": -0.457335,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.466769
      },
      {
        "date": "2026-06-26",
        "close": 6.71,
        "direction_boundary": 13.15,
        "core_momentum": -0.489734,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.473
      },
      {
        "date": "2026-07-03",
        "close": 7.26,
        "direction_boundary": 13.7,
        "core_momentum": -0.470073,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.473731
      },
      {
        "date": "2026-07-10",
        "close": 7.06,
        "direction_boundary": 17.76,
        "core_momentum": -0.602477,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.460295
      },
      {
        "date": "2026-07-17",
        "close": 6.9,
        "direction_boundary": 21.52,
        "core_momentum": -0.679368,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.459092
      },
      {
        "date": "2026-07-24",
        "close": 6.925,
        "direction_boundary": 19.299999,
        "core_momentum": -0.641192,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.448036
      },
      {
        "date": "2026-07-31",
        "close": 6.71,
        "direction_boundary": 18.99,
        "core_momentum": -0.646656,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.432683
      },
      {
        "date": "2026-08-07",
        "close": 6.44,
        "direction_boundary": 20.9,
        "core_momentum": -0.691866,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.364408
      }
    ],
    "price_history": [
      {
        "date": "2025-06-20",
        "close": 13.36,
        "volume": 115800
      },
      {
        "date": "2025-06-27",
        "close": 13.15,
        "volume": 259800
      },
      {
        "date": "2025-07-04",
        "close": 13.7,
        "volume": 236900
      },
      {
        "date": "2025-07-11",
        "close": 17.76,
        "volume": 234100
      },
      {
        "date": "2025-07-18",
        "close": 21.52,
        "volume": 466000
      },
      {
        "date": "2025-07-25",
        "close": 19.299999,
        "volume": 425800
      },
      {
        "date": "2025-08-01",
        "close": 18.99,
        "volume": 224000
      },
      {
        "date": "2025-08-08",
        "close": 20.9,
        "volume": 207500
      },
      {
        "date": "2025-08-15",
        "close": 19.41,
        "volume": 189900
      },
      {
        "date": "2025-08-22",
        "close": 19.370001,
        "volume": 272400
      },
      {
        "date": "2025-08-29",
        "close": 17.57,
        "volume": 203200
      },
      {
        "date": "2025-09-05",
        "close": 18.059999,
        "volume": 126000
      },
      {
        "date": "2025-09-12",
        "close": 19.51,
        "volume": 178300
      },
      {
        "date": "2025-09-19",
        "close": 18.75,
        "volume": 137900
      },
      {
        "date": "2025-09-26",
        "close": 17.77,
        "volume": 162500
      },
      {
        "date": "2025-10-03",
        "close": 19.32,
        "volume": 137400
      },
      {
        "date": "2025-10-10",
        "close": 17.040001,
        "volume": 172300
      },
      {
        "date": "2025-10-17",
        "close": 14.65,
        "volume": 178500
      },
      {
        "date": "2025-10-24",
        "close": 15.98,
        "volume": 78400
      },
      {
        "date": "2025-10-31",
        "close": 16.209999,
        "volume": 96500
      },
      {
        "date": "2025-11-07",
        "close": 15.04,
        "volume": 145700
      },
      {
        "date": "2025-11-14",
        "close": 14.43,
        "volume": 80800
      },
      {
        "date": "2025-11-21",
        "close": 12.4,
        "volume": 244300
      },
      {
        "date": "2025-11-28",
        "close": 13.87,
        "volume": 135400
      },
      {
        "date": "2025-12-05",
        "close": 12.72,
        "volume": 69500
      },
      {
        "date": "2025-12-12",
        "close": 12.51,
        "volume": 94200
      },
      {
        "date": "2025-12-19",
        "close": 11.95,
        "volume": 151600
      },
      {
        "date": "2025-12-26",
        "close": 11.49,
        "volume": 90200
      },
      {
        "date": "2026-01-02",
        "close": 12.41,
        "volume": 95600
      },
      {
        "date": "2026-01-09",
        "close": 13.14,
        "volume": 174800
      },
      {
        "date": "2026-01-16",
        "close": 13.13,
        "volume": 177900
      },
      {
        "date": "2026-01-23",
        "close": 11.9,
        "volume": 138700
      },
      {
        "date": "2026-01-30",
        "close": 10.74,
        "volume": 203400
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      {
        "date": "2026-02-06",
        "close": 8.95,
        "volume": 433100
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      {
        "date": "2026-02-13",
        "close": 8.73,
        "volume": 81700
      },
      {
        "date": "2026-02-20",
        "close": 8.81,
        "volume": 90100
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      {
        "date": "2026-02-27",
        "close": 8.37,
        "volume": 116100
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      {
        "date": "2026-03-06",
        "close": 8.37,
        "volume": 175500
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      {
        "date": "2026-03-13",
        "close": 8.71,
        "volume": 103300
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      {
        "date": "2026-03-20",
        "close": 8.91,
        "volume": 128100
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      {
        "date": "2026-03-27",
        "close": 8.38,
        "volume": 123200
      },
      {
        "date": "2026-04-03",
        "close": 8.25,
        "volume": 42700
      },
      {
        "date": "2026-04-10",
        "close": 8.52,
        "volume": 52200
      },
      {
        "date": "2026-04-17",
        "close": 9.19,
        "volume": 64500
      },
      {
        "date": "2026-04-24",
        "close": 8.89,
        "volume": 64100
      },
      {
        "date": "2026-05-01",
        "close": 8.56,
        "volume": 43000
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      {
        "date": "2026-05-08",
        "close": 8.77,
        "volume": 63200
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      {
        "date": "2026-05-15",
        "close": 8.92,
        "volume": 66300
      },
      {
        "date": "2026-05-22",
        "close": 8.36,
        "volume": 54100
      },
      {
        "date": "2026-05-29",
        "close": 8.22,
        "volume": 73100
      },
      {
        "date": "2026-06-05",
        "close": 6.93,
        "volume": 84100
      },
      {
        "date": "2026-06-12",
        "close": 7.14,
        "volume": 24600
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      {
        "date": "2026-06-19",
        "close": 7.25,
        "volume": 15500
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      {
        "date": "2026-06-26",
        "close": 6.71,
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      {
        "date": "2026-07-03",
        "close": 7.26,
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      {
        "date": "2026-07-10",
        "close": 7.06,
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      {
        "date": "2026-07-17",
        "close": 6.9,
        "volume": 42100
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      {
        "date": "2026-07-24",
        "close": 6.925,
        "volume": 50600
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      {
        "date": "2026-07-31",
        "close": 6.71,
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        "close": 6.44,
        "volume": 65800
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    ],
    "sharemaestro_context": {
      "trend": 8.400167,
      "fair_value": 12.238083,
      "market_activity": -62.181013,
      "market_dynamics": -0.290248,
      "relative_strength": -51.254229
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 1,
        "median_return": -0.048276,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.013741,
        "sufficient": false
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        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      }
    ],
    "regime_history": [
      {
        "direction": "negative",
        "start": "2026-06-19",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.111724
      }
    ]
  }
}