Most altcoins, including XRP and XLM, were facing a bearish onslaught as prices of both coins dropped by 0.46% and 0.33%, respectively, over 24 hours.

XRP and XLM had a common denominator in Jed McCaleb, who eventually moved from Ripple to create XLM. Both Ripple and Stellar are presently trying to capture the remittance industry, which includes a ton of cross-border payments. With their payment solutions, Ripple and Stellar are individually trying to attract customers.

The market cap of XRP, at press time, was $12.7 billion and that of XLM was $1.94 billion. However, the price of XRP was $0.30 and that of XLM was $0.101.

XRP

Source: TradingView

Support 1: $0.3069
Support 2: $0.2587
Resistance 1: $0.5836
Resistance 2: $0.6880
Resistance 3: $0.9041

The Aroon indicator showed a falling downtrend and an uptrend, which indicated XRP prices heading into a consolidation phase or sideways movement.

The Chaikin Money Flow crossed the zero-line to go to the bottom, indicating that money was flowing out of the market.

The Relative Strength Index was hovering near the 50-line, indicating equivalent momentum between buyers and sellers.

XLM

Source: TradingView

Support 1: $0.0964
Support 2: $0.0742
Resistance 1: $0.1239
Resistance 2: $0.1901
Resistance 3: $0.2796

The Aroon indicator for XLM showed a falling downtrend and an uptrend, which indicated that the prices were losing their bullish momentum and moving into sideways consolidation.

The Chaikin Money Flow for XLM collapsed below the zero-line, indicating a flow of funds away from the market.

The Relative Strength Index, like CMF, had collapsed, indicating a drop in the momentum of buyers.

Conclusion

The one-day charts for both the coins depicted bearish pressures, as indicated by the Aroon, CMF, and RSI indicators.

The post Stellar Lumens [XLM/USD] v. XRP/USD Price Analysis: Coins try to find respite from bears appeared first on AMBCrypto.

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