2019-4-27 22:30 |
XRP and XLM are one of crypto-space’s direct competitors, both fighting towards improving the cross-border payments system. Ripple and XRP took the first step, but XLM isn’t too far behind either, in light of the recent launch of World Wire.
XRP is currently the worst performing asset in 2019, as it is down by 7.5%. XLM’s prices are up by 1.2% in 2019. However, both currencies seem to be struggling under the wrath of the bears.
At press time, XRP was priced at $0.3018, while XLM was priced at $0.1009. The market cap of XRP was at $12 billion, which was way higher than that of XLM, which was at $1.89 billion.
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 that the downtrend had reached its peak, while the uptrend was trying to recuperate from the bottom.
The Chaikin Money Flow collapsed to the bottom, indicating a panic among buyers. Hence, a shift towards the sellers was seen.
The Relative Strength Index followed the same trend as CMF. The momentum was skewed towards the sellers, while buyers had extinguished their strength.
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 showed a similar scenario as seen in the XRP charts. The downtrend had reached the peak, while the uptrend was gaining strength.
The Chaikin Money Flow for XLM tried to recuperate, but fell further below.
The Relative Strength Index was below the 50-line, suggesting that sellers were gaining momentum.
Conclusion
XRP and XLM were suffering under the bear’s regime as indicated by the Aroon, CMF, and RSI indicators.
The post XRP vs. Stellar Lumens [XLM] Price Analysis: Coins suffer the bears’ wrath appeared first on AMBCrypto.
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