2019-5-4 13:00 |
The cryptos in the market are recovering from the May 3 sudden rise. XRP, the third largest coin, however, did not manage to note any massive growth and corrected itself almost immediately. Stellar Lumens [XLM] too did not note any significant growth to change the trend in its market.
XRP
At press time, XRP was valued at $0.3084 with a market cap of $12.98 billion. The 24-hour trading volume of the coin was noted to be $1.34 billion as it noted a growth of 1.10% over the past day. In the past seven days, XRP grew by 3.69% and continued to grow by 0.34% within an hour.
Source: Trading View
Resistance- $0.3669
Support- $0.2911
Bollinger Bands appeared to have converged, thus indicating a reduced market volatility. The moving average line was above the candlesticks marking a bearish market.
Awesome Oscillator pointed towards a bullish market losing its momentum.
Chaikin Money Flow [CMF] too, pointed towards a bearish trend as the marker remained under zero.
Stellar Lumens [XLM]
At press time, XLM was valued at $0.1012 with a market cap of $1.93 billion. The 24-hour trading volume of the coin was $256 million, as it noted $0.04% growth over the past day. In the past seven days, XRP hiked by 1.99%, however, shortly fell by 0.02% within the past hour.
Source: Trading View
Resistance- $0.1340
Support- $0.0985
Parabolic SAR marked a bullish market as the markers aligned below the candlesticks.
MACD line was undergoing a bullish crossover.
Relative Strength Index indicated that buying and the selling pressures have evened each other out.
Conclusion
According to the long-term charts of XRP and XLM, a bearish reign is predicted. However, a bullish momentum could arise soon.
The post XRP and Stellar Lumens [XLM] Price Analysis: Competing coins fight the bear appeared first on AMBCrypto.
origin »Ripple (XRP) на Currencies.ru
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