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XRP and Stellar Lumens [XLM] Price Analysis
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[Image: grizzly-210996_960_720-e1555226647158.jpg]
XRP and Stellar Lumens [XLM] Price Analysis: Bear attacks coin as bulls abandon vanguard

XRP, the third largest cryptocurrency, was fighting the bears at press time and registered a 1.78% fall over the past day. Similarly, Stellar Lumens [XLM], the ninth largest cryptocurrency, was also on the same boat and registered a fall of approximately 2.13% over the past day.

XRP

At press time, XRP was valued at $0.3255, with a market cap of $13.60 billion. XRP noted a 24-hour trading volume of $859 million and observed a fall of 9.43% over the past week. After falling in the past week, XRP dipped by 0.36% over the past hour.

[Image: XRP1d-2.png]
Source: Trading view
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The long-term chart of XRP marked a downtrend from $0.5551 to $0.3660 and failed to mark any significant uptrend. The resistance was marked at $0.3880 and the support was at $0.2905.

Bollinger Bands appeared to have diverged, increasing the volatility in the market. The moving average line was above the candlesticks, marking a bearish trend.

Awesome Oscillator indicated towards a weakened bearish trend.

Chaikin Money Flow pointed towards a bearish trend for XRP as the marker aligned under the zero line.

Stellar Lumens [XLM]

XLM had noted a fall of 9.89% over the past week and was valued at $0.1142, at press time. The market cap was noted to be $2.20 billion and the 24-hour trading volume noted by XLM was $253 million.

[Image: XLM1d-1.png]
Source: [url=https://www.tradingview.com/symbols/XLMUSD/?exchange=BINANCE]Trading view


According to the one-day chart of XLM, a steep fall was noted from $0.2775 to $0.1340, followed by a minuscule uptrend from $0.0838 to $0.1153. XLM met with strong resistance at $0.1349 and support at $0.1009.

Parabolic SAR marked a bearish trend for XLM, as the markers aligned above the candlesticks.

MACD line was under the signal line and pointed towards a bearish reign.

Relative Strength Index indicated that after going into the overbought zone, XLM’s buying and selling pressures were evening each other out.

Conclusion

The long-term charts of XRP and XLM predict a bearish trend taking over the collective market.


source https://ambcrypto.com/xrp-and-stellar-lu...-vanguard/
by Namrata Shukla
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