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XRP and Stellar Lumens [XLM] Price Analysis: Bear attacks coin as bulls abandon vanguard

Namrata Shukla

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XRP and Stellar Lumens [XLM] Price Analysis: Bear attacks coin as bulls abandon vanguard
Source: Pixabay

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.

Source: Trading view

Source: Trading view

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.

Source: Trading view

Source: 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.





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Analysis

EOS rises by over 6%; Ripple’s XRP and Ethereum follow suit prompted by Bitcoin’s rally

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EOS rises by over 6%; Ripple's XRP and Ethereum follows suit prompted by Bitcoin's rally
Source: Pixabay

Bitcoin, the largest cryptocurrency by market cap breached the $9,000-mark anchoring another market spin towards the bulls. The collective market cap stood at $285 billion, at press time.

EOS:

Since the onset of 2019, Block.one, the parent firm of EOS had rolled out several significant technological upgrades on its EOS blockchain. Even as the price movement was underwhelming for the most part of the year, the sixth largest digital asset by market cap, EOS gained strong market support. At press time, EOS climbed by 6.11% and stood at a price of $7.13 with a market cap of $6.5 billion. The trading volume recorded for the past 24 hours was $2.55 billion.

Source: TradingView

Ethereum:

With the much-anticipated Ethereum 2.0 blockchain rollout, the second largest cryptocurrency, on CoinMarketCap, garnered gained bullish momentum against the US Dollar. At press time, ETH rose by 3.67% over the past 24 hours and was priced at $275.1. The digital asset registered a market cap of $29.3 billion and a 24-hour trading volume $8.49 billion. Additionally, 4.2% of the trading volume was recorded at ZBG via the trading pair ETH/USDT.

Source: TradingView

Ripple:

Ripple’s focus has always been disrupting cross-border payment space following which the Brad Garlinghouse-led firm introduced new technologies, features, and network updates. Its native token, XRP, significantly leveraged from the recent developments as well as the market recovery steered by BTC.

At press time, the third largest digital coin was valued at $0.42 after posting 3.41% gains in the past 24-hours. XRP held a market cap of $17.92 billion and registered a 24-hour trading volume of $1.5 billion. 4.4% of XRP was being traded at ZBG via XRP/USDT.

Source: TradingView





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