XRP and Stellar Lumens [XLM] Price Analysis: bear looms around the coins’ price

The latest surge prompted the cryptocurrency market to spring up to a market cap of $183 billion. The third largest crypto-asset on CoinMarketCap, XRP declined by 1.44%, over the past 24 hours, after a brief recovery and was priced at $0.304, at press time. The coin held a market cap of $12.80 billion and recorded a 24-hour trading volume of $981.8 million.

Stellar Lumens [XLM] failed to post significant rallies and was trading at a of $0.097 after falling by 3.73% over the past 24 hours. The ninth largest coin held a market cap of $1.87 billion and recorded a trading volume of $226.4 million over the last 24 hours.

1-day XRP chart:

Source: TradingView

The one-day XRP chart registered a minor uptrend from $0.29 to $0.36, along with a significant downtrend from $0.51 to $0.36. The resistance points were found at $0.37, $0.45 and $0.51, while the support stood firm at $0.29.

Bollinger Bands: The bands were parallel, indicating a stagnant market phase for XRP.

Awesome Oscillator: The closing bars of the indicator were green, suggesting a bullish pattern for the coin.

Chaikin Money Flow: The CMF was, however, below the zero- indicating that money was flowing out of the coin market. Hence, a bearish trend for the crypto-asset was recorded.

1-day XLM chart:

Source: TradingView

The one-day Stellar Lumens [XLM] chart registered a downtrend from $0.25 to $0.13. The resistance for the above chart was marked at $0.166 and $0.206. XLM found support at $0.084. No significant uptrends were observed on the one-day XLM chart.

Parabolic SAR: The dotted markers were below the candlesticks, indicating a bullish phase for XLM.

MACD: The coin underwent a bearish crossover, indicating XLM trading in bear zone.

Klinger Oscillator: The reading was also below the signal line, pointing towards a bearish pattern.

Conclusion

Ripple’s XRP exhibited a less volatile course for the coin’s price. Stellar Lumens, XLM, failed to surge and projected massive bearishness in its valuation.

The post XRP and Stellar Lumens [XLM] Price Analysis: bear looms around the coins’ price appeared first on AMBCrypto.

Post written by our friend Chayanika Deka and Syndicated from ambcrypto
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