XRP and Stellar Lumens [XLM] Price Analysis: Bear looms over XLM coin as XRP exhibits mixed signals


The cryptocurrency market witnessed more tumultuous movement, as prices of leading coins continued to tumble down. At press time, Stellar Lumens [XLM] held a market cap of $2.21 billion, and was priced at $0.11. The ninth largest cryptocurrency listed on CoinMarketCap accounted for a 24-hour trading volume of $19.30 billion. It registered a fall of 4.58% over the last 24 hours, owing it to the latest market slump.

XRP, the third leading cryptocurrency, also fell by 4.06% over the day and was priced at $0.32, at press time. The market cap was recorded to be $13.57 billion, while the 24-hour trading volume was $41.79 billion.

XRP 1 day


The candlestick arrangement for XRP’s one-day chart exhibited an uptrend from $0.29 to $0.26, along with a downtrend from $0.58 to $0.45. The resistances for this chart were marked at $0.38, $0.45 and $0.38, while points of support were found at $0.29 and $0.26.

Bollinger bands: The parallel bands depicted low volatility and a stagnant price forecast for XRP.

Awesome Oscillator: The closing bars in red predicted fall in price momentum for the coin market.

Chaikin Money Flow: The CMF was above the zero-line. Hence, a capital pump was predicted.

XLM 1 day


XLM’s one-day chart exhibited an uptrend from $0.27 to $0.48 and a downtrend from $0.56 to $0.37. Resistance for this chart was marked at $0.38, $0.45 and $0.58. Support points for XLM stood at $0.29 and $0.26.

Parabolic SAR: The dotted markers were above the candlesticks, suggesting a bearish pattern forming for XLM.

MACD: The MACD line was below the signal line post a bearish crossover.

Klinger Oscillator: The reading line was also below the signal line and pictured a bullish pattern for the coin.

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