$XRP Sunday
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.
Note
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.
Note
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.
Note
The 
US500 is overbought and if the BTC/US500 correlation continues, we would see a mild correction (unless a nuclear war starts tonight).
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.