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XRP v. Stellar Lumens [XLM] Price Analysis: XRP awaits bull rally as XLM holds firm
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[Image: grizzly-221558_1920-e1559910291672.jpg]
XRP was in the news recently after 23 million XRP were reportedly stolen during a security breach on GateHub. Its competitor, Stellar Lumens [XLM] remained firm on the 10th position on cryptocurrency charts. However, Cardano was closing in on market cap, and may soon overtake XLM on the charts.

1 Day XRP chart

[Image: XRP-7-June.png]
Source: TradingView


The 24-hour trading volume for XRP was recorded at $2.2 billion, while its market cap was recorded to be over $17 billion. XRP was priced at $0.4197, at press time.

An uptrend was noted from $0.2930 to $0.3980, with resistance at $0.4591 and the support at $0.2803.

Parabolic SAR indicated a bearish market, as the dotted markers for the indicator were seen above the candles.

The MACD indicator suggested a bearish market as the MACD line was below the signal line. However, a bullish crossover was deemed imminent.

Klinger Oscillator indicated an upcoming bullish crossover


1 Day XLM chart

[Image: XLM-7-June.png]
Source: TradingView

The 24-hour trading volume for XLM was almost $450 million, with its market cap recorded at $2.4 billion. XLM was priced at $0.1265, at press time.

An uptrend was noted from $0.0747 to $0.0878, with resistance at $0.1638 and support at $0.0721.

Bollinger Bands indicated squeezing volatility in the market.

The Aroon indicator suggested some bullish activity since the Aroon Up Line was way above the Aroon Down line.

Awesome Oscillator suggested that market momentum had nearly exhausted itself.


Conclusion 

XRP remained firmly in the bears’ territory. However, in light of the imminent crossovers, some bullish movements were anticipated. Comparatively, XLM held firm and stable, posting minor gains.




by Sarvesh Kumar
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