Stellar Lumens (XLM) Forum with for newcomers and contributor's rewarded Check here




XRP and Stellar Lumens [XLM] Price Analysis: Coins struggle to cope with bearish pres
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5

#1
[Image: old-windows-4073945_960_720-e1558602183904.jpg]
XRP and Stellar Lumens [XLM] Price Analysis: Coins struggle to cope with bearish pressure

XRP, the third largest cryptocurrency, saw huge amounts of funds being moved earlier today. XRP was priced at $0.3701, with a market cap of $15.5 billion, at press time. The 24-hour trade volume came up to be $1.9 billion out of which, ZBG contributed 6.90% via XRP/USDT pair. XRP had fallen by 7.31% over the last 24 hours, at press time.

XRP’s competitor, Stellar Lumens [XLM] was priced at $0.122, with a market cap of $2.35 billion. The 24 hour trade volume came up to be $416 million, out of which BW.com contributed 10.84% via XLM/USDT pair. XLM fell by 8.61% over the last 24 hours, at press time.

1 day-XRP

[Image: XRP-6.png]
Source: TradingView

The 1 day chart for XRP showed a downtrend from $0.5821 to $0.4550. The support point stood at $0.2881. The resistance points were seen at $0.4546 and $0.5247.

The Parabolic SAR showed a bearish trend as the dotted markers were formed on top of the candlesticks.

The MACD indicator hinted at a bearish crossover.

The Relative Strength Index indicated that the buying pressure was falling as the graph was seen to be in a downward move, indicating bearish trend.

1 day- XLM

[Image: XLM-6.png]
Source: TradingView

The 1 day chart for XLM showed a downtrend from $0.2775 to $0.1430. The support point stood at $0.0738. The resistance points were seen at $0.1432 and $0.2541.

The Klinger Oscillator showed a bearish trend as the Klinger Oscillator dropped below zero, along with a drop in price

The Chaikin Money Flow crept below zero, indicating a greater outflow of capital, than inflow

The Relative Strength Index showed a decrease in buying pressure, indicating a bearish phase for the coin market.

Conclusion

The 1 day chart for XRP showed an overall bearish trend, as indicated by the aforementioned indicators. The same can be said about XLM.





source https://ambcrypto.com/xrp-and-stellar-lu...-pressure/

by Rishi  Raj
Reply
#2
Which one do you personally support?
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  Stellar Lumens Price Analysis - XLM Has Seen a Significant Rise Over the Past Weeks crytocure 0 14 8 hours ago
Last Post: crytocure
  Stellar Continues to Struggle; Records a Slump of 4.27% crytocure 0 51 Yesterday, 11:19 AM
Last Post: crytocure
  Stellar Price Exhibits Downtrend with its Intraday Movement crytocure 0 83 18-10-2019, 12:28 PM
Last Post: crytocure
  Stellar Expected to Fetch a Profitable Intraday Closing crytocure 0 39 17-10-2019, 01:08 PM
Last Post: crytocure
  Bears Attack Stellar (XLM); Price Slips to $0.062 crytocure 0 18 16-10-2019, 12:42 PM
Last Post: crytocure
  Stellar Price Exhibits Improved Price Momentum; Trades Around $0.064 crytocure 0 34 15-10-2019, 01:04 PM
Last Post: crytocure
  Crypto Market And Bitcoin Could Rise Steadily: BCH, Litecoin, EOS, XLM Analysis crytocure 0 46 15-10-2019, 09:32 AM
Last Post: crytocure
  Stellar market overview: XLM/USD shoots up by 4.40% as bulls make merry crytocure 0 32 15-10-2019, 03:11 AM
Last Post: crytocure
  Stellar Manages to Pull a 2.61% Increment; Marks Intraday Height at $0.062 crytocure 0 65 14-10-2019, 10:34 AM
Last Post: crytocure
  Stellar (XLM) Price Exhibits Possibility to Escape From Bearish Trend crytocure 0 28 13-10-2019, 11:53 AM
Last Post: crytocure



Users browsing this thread: 1 Guest(s)