HomeTodays NewsXRP v. Stellar Lumens [XLM] Price Analysis: Coins struggle to post gains as bearish forces strengthen
XRP v. Stellar Lumens [XLM] Price Analysis: Coins struggle to post gains as bearish forces strengthen
June 6, 2019
XRP, the market’s third largest digital currency, was priced at $0.403, at press time. After rising by 0.65% over the last 24 hours, XRP held a market cap of $17.018 billion, with its 24 hour trading volume at $1.581 billion. Yesterday, Ripple gained positive publicity in the cryptoverse after it was listed on Switzerland’s commercial industry.
Stellar Lumens [XLM] had a market cap of $2.365 billion, at press time. It was priced at $0.122, dropping by 0.79% over 24 hours.
XRP faced resistance at $0.458 and had its support at $0.397. The coin recorded an uptrend from $0.402 to $0.457, and a significant downtrend from $0.459 to $0.450.
Bollinger Bands pictured the bands slowly converging, suggesting decreasing volatility in the market.
Parabolic SAR’s dotted markers were located above the candlesticks, implying a bearish pattern in the market.
MACD line was over the signal line, pointing towards a bearish market for XRP.
XLM saw a critical uptrend between $0.131 – $0.140. The opposition from resistance for XLM was at $0.142, and the support line was located at $0.119. Over the past two weeks, XLM recorded a downtrend from $0.136 to $0.123.