2019-4-14 15:30 |
XRP, the third largest cryptocurrency, was fighting the bears at press time and registered a 1.78% fall over the past day. Similarly, Stellar Lumens [XLM], the ninth largest cryptocurrency, was also on the same boat and registered a fall of approximately 2.13% over the past day.
XRP
At press time, XRP was valued at $0.3255, with a market cap of $13.60 billion. XRP noted a 24-hour trading volume of $859 million and observed a fall of 9.43% over the past week. After falling in the past week, XRP dipped by 0.36% over the past hour.
The long-term chart of XRP marked a downtrend from $0.5551 to $0.3660 and failed to mark any significant uptrend. The resistance was marked at $0.3880 and the support was at $0.2905.
Bollinger Bands appeared to have diverged, increasing the volatility in the market. The moving average line was above the candlesticks, marking a bearish trend.
Awesome Oscillator indicated towards a weakened bearish trend.
Chaikin Money Flow pointed towards a bearish trend for XRP as the marker aligned under the zero line.
Stellar Lumens [XLM]
XLM had noted a fall of 9.89% over the past week and was valued at $0.1142, at press time. The market cap was noted to be $2.20 billion and the 24-hour trading volume noted by XLM was $253 million.
According to the one-day chart of XLM, a steep fall was noted from $0.2775 to $0.1340, followed by a minuscule uptrend from $0.0838 to $0.1153. XLM met with strong resistance at $0.1349 and support at $0.1009.
Parabolic SAR marked a bearish trend for XLM, as the markers aligned above the candlesticks.
MACD line was under the signal line and pointed towards a bearish reign.
Relative Strength Index indicated that after going into the overbought zone, XLM’s buying and selling pressures were evening each other out.
Conclusion
The long-term charts of XRP and XLM predict a bearish trend taking over the collective market.
The post XRP and Stellar Lumens [XLM] Price Analysis: Bear attacks coin as bulls abandon vanguard appeared first on AMBCrypto.
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