On-chain stablecoin supply can reflect capital activity ahead of time. On the XRP Ledger, the RLUSD supply is getting close to $2.5 billion. The total value of stablecoins on this chain exceeds $1.1 billion—basically all of it is being propped up by RLUSD. Capital settles first, and prices often move later.
XRP is currently $1.53, down 1.9% over the past 24 hours. Look at the support and resistance zones: resistance overhead is $1.61, about 5% above the current price; support below is $1.50–$1.48, about 2%–3% below the current price. The current price is trading right along the upper edge of the support. If it drops back below $1.50, that would be near the lower end of the range—something to watch. Only after breaking above $1.61 would the upside space really open up.
#XRP
XRP is currently $1.53, down 1.9% over the past 24 hours. Look at the support and resistance zones: resistance overhead is $1.61, about 5% above the current price; support below is $1.50–$1.48, about 2%–3% below the current price. The current price is trading right along the upper edge of the support. If it drops back below $1.50, that would be near the lower end of the range—something to watch. Only after breaking above $1.61 would the upside space really open up.
#XRP