XRP and Stellar Lumens [XLM] Price analysis: Coins undergo a sideways movement

The cryptocurrency market saw a price pump which helped most cryptocurrencies to rise, however, XRP and Stellar Lumens [XLM] did not note a significant growth in the market. XRP and XLM are also the only two major coin to have performed negatively since the beginning of the year.

XRP

At press , XRP was valued at $0.3121 with a of $13.15 billion. The 24-hour volume of the coin was noted to be $2.43 billion as it noted a fall of 0.28% over the past day. Over the past seven days, XRP noted a growth of 3.09%, but fell by 0.82% within an hour.

Source: Trading view

Source: Trading view

Resistance- $0.3669

Support- $0.2911

appeared to be diverging, indicating increased volatility in the market. Due to the current volatility in the market the moving average line is coinciding with the .

Awesome Oscillator indicates a bullish momentum might catch up.

Chaikin Money Flow, however, pointed towards a bear’s trap as the marker aligned under zero.

Stellar Lumens [XLM]

At press time, XLM was valued at $0.0995 with a market cap of $1.91 billion. The 24-hour of the coin was $403.06 million as it fell by 0.48% within an hour. In the past seven days, the coin surged by a minimal 0.85% and registered a growth of 1.39% in the past day.

Source: Trading view

Source: Trading view

Resistance- $0.1346

Support- $0.0750

SAR indicated a bullish market as the markers aligned under the candlesticks.

MACD line is under the signal line, however, might undergo a crossover soon.

Relative Strength Index indicated that the buying and the selling pressures had evened each other out.

Conclusion 

According to the long-term charts of XRP and XLM, the market seems to be stagnating.

 

The post XRP and Stellar Lumens [XLM] Price analysis: Coins undergo a sideways movement appeared first on AMBCrypto.

Post written by our friend Namrata Shukla and Syndicated from ambcrypto
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