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: Stellar (XLM) Price Surge Attracts Traders crytocure 0 32 Yesterday, 05:09 AM
Last Post: crytocure
  Stellar Lumens XLM Finds Support As It Attempts Upside Recovery, How High Will XLM Go crytocure 0 37 15-06-2019, 02:55 PM
Last Post: crytocure
  Best Stellar Lumens Wallets: Where to Store Your XLM crytocure 0 31 15-06-2019, 10:59 AM
Last Post: crytocure
  Stellar Lumens Price Corrects Lower After Stable Trading, Analyst Suggest An Upcoming crytocure 0 41 14-06-2019, 03:22 PM
Last Post: crytocure
  Stellar Price Analysis: Stellar Surging Prices Seem To Be Caught Up By A Little Dip crytocure 0 36 14-06-2019, 02:57 PM
Last Post: crytocure
  Stellar Price Analysis: Stellar’s Upward Journey Grabs The Attention Of Traders crytocure 0 32 13-06-2019, 02:42 PM
Last Post: crytocure
  Why Is Stellar Lumens (XLM) Not As Popular As Ripple And XRP Or Tron (TRX) Despite Th crytocure 0 43 13-06-2019, 08:20 AM
Last Post: crytocure
  Stellar Lumens Continues With the Best and Less Volatile Set Up For Traders crytocure 0 41 13-06-2019, 08:13 AM
Last Post: crytocure
  Stellar Price Analysis: Stellar Pleasing Investors With The Surging Performance crytocure 0 34 12-06-2019, 03:01 PM
Last Post: crytocure
  How banks, businesses, & people use Stellar crytocure 0 61 12-06-2019, 07:09 AM
Last Post: crytocure



Users browsing this thread: 1 Guest(s)