2019-4-23 04:30 |
The cryptocurrency market has been surrounded by the bears over the past few days. XRP, the third largest coin on CoinMarketCap list, and its competitor, Stellar Lumens [XLM] are fighting the ravaging bear.
XRP
At press time, XRP was valued at $0.3255 with a market cap of $13.66 billion. The 24-hour trading volume of the coin was $984 million as it noted a fall of 0.20% within the past hour. Over the past seven days, the coin plunged by 0.39%, but has managed to gain by 1.60% over the past day.
Source: Trading view
Resistance- $0.3660
Support- $0.3200
Bollinger Bands appeared to have diverged. The moving average line was over the candlesticks, marking a bearish trend.
Awesome Oscillator pointed towards a weakened bearish momentum.
Chaikin Money Flow also marked a bearish trend as the marker line aligned under zero.
Stellar Lumens [XLM]
At press time, XLM was valued at $0.1136 with a market cap of $2.19 billion. The 24-hour trading volume of the coin was noted to be $229 million as it hiked by 1.68% over the past day. The coin plunged by 2.97% over the past week, but managed to register a gain of 0.07% within the hour.
Source: Trading view
Resistance – $0.1355
Support- $0.1098
Parabolic SAR pointed towards a bearish market as the markers aligned above the candlesticks.
MACD line was under the signal line, also pointing towards a bearish market.
Relative Strength Index indicated that the buying and selling pressures had evened each other.
Conclusion
According to the XRP and XLM long-term charts, a bearish market is predicted for the coins.
The post XRP and Stellar Lumens [XLM] Price Analysis: Coins succumb to pressure of the bear appeared first on AMBCrypto.
origin »Stellar (XLM) на Currencies.ru
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