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.
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.
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.
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.
The long-term charts of XRP and XLM predict a bearish trend taking over the collective market.
Subscribe to AMBCrypto’s Newsletter
EOS rises by over 6%; Ripple’s XRP and Ethereum follow suit prompted by Bitcoin’s rally
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.
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.
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.
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.
Subscribe to AMBCrypto’s Newsletter
Bitcoin up for a long run as it re-visits an old bullish pattern
GateHub: Stolen XRP funds transferred to prominent exchanges
Bitcoin’s volatility – an indication of growth or regression?
XRP closes 48 million ledger; XRPL Labs introduces solution for users’ destination tag problem
8 crypto exchanges were shut down in 2019; how does that affect the overall crypto space?
Tron’s 24-hour DApp volume zooms ahead of both Ethereum and EOS
Bitcoin [BTC]: #DropGold campaign gets called out for being ‘Bitcoin cartel’
Tron’s [TRX] Sun Network testnet goes live as Justin Sun places bet on its ‘unlimited scaling capacity’
Ripple’s David Schwartz defends XRP against BTC’s ‘mediocre finality and censorship resistance’
Ripple’s David Schwartz breaks down how ILP and Coil will change the face of payments
Tron join hands with LATOKEN to become an IEO payment token
Bittrex follows Binance’s cue, delists over 40 altcoins from Bittrex US; sign of things to come?
Bitcoin prices would go upto $60,000 by August 2020 according to Stock-to-Flow analysis
Bitcoin’s ‘supply shock’ ahead, scaling progressing rapidly, says VC