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$XRP Sunday

Oleh TradinSides
UToday: On the hourly chart, the price of XRP is setting new local lows. If the bar closes below the support of $0.5760, the correction is likely to continue to the $0.56 range soon.
Catatan
The total supply of #XRPLedger is capped at 100 billion.

The maximum XRP market capitalization can be calculated by multiplying the total supply of XRP by its maximum potential price.

100M wallets holding 1000 #RLUSD at a price of $0.5 will only cover 50B of assets.
Catatan
If XRP breaks and holds above the $0.5825 resistance line, it will re-test the $0.60 level, exactly as shown in the above chart.
Catatan
The #XRP is under pressure of BTC now.
And BTC is under pressure of the Mid-East Tension.

p.s. Both BTC and ETH are overbought at 5M-15M now.
Buy more XRP at ~0.565
Catatan
The US500 is overbought and if the BTC/US500 correlation continues, we would see a mild correction (unless a nuclear war starts tonight).
Chart PatternsHarmonic PatternsTrend Analysis
TradinSides
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