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XRP v. Stellar Lumens [XLM] Price Analysis: Coins struggle to post gains as bearish
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[Image: arm-wrestling-569288_960_720-e1559804590389.jpg]
XRP v. Stellar Lumens [XLM] Price Analysis: Coins struggle to post gains as bearish forces strengthen

XRP, the market’s third largest digital currency, was priced at $0.403, at press time. After rising by 0.65% over the last 24 hours, XRP held a market cap of $17.018 billion, with its 24 hour trading volume at $1.581 billion. 

Yesterday, Ripple gained positive publicity in the cryptoverse after it was listed on Switzerland’s commercial industry.
Stellar Lumens [XLM] had a market cap of $2.365 billion, at press time. It was priced at $0.122, dropping by 0.79% over 24 hours.

1-Day XRP

XRP faced resistance at $0.458 and had its support at $0.397. The coin recorded an uptrend from $0.402 to $0.457, and a significant downtrend from $0.459 to $0.450.

[Image: XRP-USD6June.png]
Source: TradingView

Bollinger Bands pictured the bands slowly converging, suggesting decreasing volatility in the market.

Parabolic SAR’s dotted markers were located above the candlesticks, implying a bearish pattern in the market.

MACD line was over the signal line, pointing towards a bearish market for XRP.

1-Day XLM

XLM saw a critical uptrend between $0.131 – $0.140. The opposition from resistance for XLM was at $0.142, and the support line was located at $0.119. Over the past two weeks, XLM recorded a downtrend from $0.136 to $0.123.

[Image: XLM-USD6June-1.png]
Source: TradingView

Relative Strength Index revealed the coin’s position at 48.650, indicating an almost equilibrium in buying, selling pressure in the XLM market.

Chaikin Money Flow has the indicator positioned just above zero-line at 0.02.

Awesome Oscillator pointed towards a decline as short-term momentum in the XLM market.


Both XRP and Stellar Lumens [XLM] struggled to post any significant gains against bearish market forces.

by Yash Rajan

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