XRP vs Stellar Lumens [XLM] Price Analysis: XRP’s resurrection rejoices investors as XLM pushes forward

XRP ranked third in the list of top cryptocurrencies at press time and was priced at $0.405 and held $17.07 billion in market cap. The was up by 8.46% and had $2.17 billion in 24-hour volume.

XLM was priced at $0.138 and held a market cap of $2.65 billion. The was placed ninth in the list of top cryptocurrencies. XLM saw a 6.45% surge over the past 24 hours and had $453.84 million in 24-hour trade volume.

1-Day XRP

XRP resurged and went past the resistance at $0.4619. There was another resistance at $0.579. lines stood at $0.406 and $0.302 and XRP saw two downtrends on the chart. The first downtrend was steeper and fell from $0.514 to $0.331 and the second downtrend saw a dive from $0.576 to $0.452.

Source: TradingView

Bollinger Bands displayed high volatility rate in the XRP market. The moving average line was below the candles showcasing a bullish trend.

Awesome Oscillator presented a bullish buying opportunity as the short-term momentum was greater than the long-term momentum.

Chaikin Money revealed that money was flowing into the market.

1-Day XLM

The graph showed a downtrend from $0.207 to $0.142. Three resistance lines stood at $0.205, $0.169 and $0.142 and the three lines stood at $0.139, $0.114 and $0.870.

Source: TradingViewSource: TradingView

Bollinger Bands displayed high volatility rate in the market as the bands were diverging. Also, the average moving line was below the candles showing a bullish trend.

Awesome Oscillator revealed that the short-term momentum was greater than the long-term momentum. This indicated a bullish buying opportunity for the buyers in the market.

Chaikin Money indicator showcased that the money inflow was much greater than the money outflow.

Conclusion

XRP and XLM show promising growth and seem to be on a bullish path.

The post XRP vs Stellar Lumens [XLM] Price Analysis: XRP’s resurrection rejoices investors as XLM pushes forward appeared first on AMBCrypto.

Post written by our friend Yash Rajan and Syndicated from ambcrypto
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