2019-4-27 19:30 |
The cryptocurrency market faced a massive fall on April 26 and has been recovering from it. XRP is facing the longest bearish trend and falling since the beginning of the year. Stellar Lumens [XLM] has also been falling and observed minimal recovery, at press time.
XRP
At press time, XRP was valued at $0.2979, with a market cap of $12.51 billion. It fell over the week by 10.16% and managed to recover by 1.67% over the past day. The third largest coin was going strong with a 0.49% rise within an hour, noting a 24-hour trading volume of $1.01 billion.
Resistance- $0.3669
Support- $0.2905
Bollinger Bands were diverged, indicating increased volatility in the market. The moving average line was above the candlesticks, marking a bearish trend.
Awesome Oscillator indicated a strengthening bearish momentum.
Chaikin Money Flow also pointed towards a bearish market as the markers aligned under the zero line.
Stellar Lumens [XLM]
At press time, XLM had fallen by 14.70% over the past week and was valued at $0.0992. The market cap of the coin was $1.89 billion and 24-hour trading volume was $230 million. XLM managed to recover by 0.39% over the past day and continued to grow by 0.32% within the past hour.
Resistance- $0.1340
Support- $0.0837
Parabolic SAR reflects a bearish market as the markers aligned above the candlesticks.
MACD line was under the signal line, making it a bearish territory.
Relative Strength Index indicated that the buying and the selling pressures had evened each other out, however, the token was close to being in the oversold zone.
Conclusion
According to the long-term charts of XRP and XLM, a bearish market is being forecasted for the coins.
The post XRP and Stellar Lumens [XLM] Price Analysis: No respite for cryptocurrencies appeared first on AMBCrypto.
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