HomeTodays NewsXRP and Stellar Lumens [XLM] Price Analysis: Coins ride the bull wave after weeks of stagnancy
XRP and Stellar Lumens [XLM] Price Analysis: Coins ride the bull wave after weeks of stagnancy
May 16, 2019
After weeks of stagnant movement, XRP finally joined the market rally driven by the bulls. XRP was priced at $0.432 with a market cap of $18.84 million. Stellar Lumens [XLM] is at the 9th position on CoinMarketCap, and was priced at $0.120, with a market cap of $2.23 million.
On the 1 day graph of XLM, the uptrend was seen starting from $0.04, going all the way to $0.08. The downtrend started from $0.27 going down to $0.13. The resistance line stood at $0.12 and the support was at $0.074, at press time.
The MACD indicator showed a bullish crossover, making it a bullish market trend.
The Awesome Oscillator indicated short-term momentum.
Bollinger Bands exhibited expanding volatility.
The market for XRP & XLM was overall bullish. However, a few bearish signs were registered on a few indicators.