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Analysis

XRP and Stellar Lumens [XLM] Price Analysis: XLM rides the bull while XRP crumbles under bearish pressure

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XRP Vs. XLM Price Analysis: XLM rides the bulls while XRP crumbles under the bear pressure
Source: Pixabay

Considering the recent price fluctuations, it is now safe to say that XLM has become Ripple and XRP’s nemesis. XLM has been performing slightly better than XRP on the daily chart. The price of XRP, at press time, was $0.3076 and the market cap was $12.83 billion, while the price of XLM was $0.107, registering a market cap of $2.06 billion.

XRP is the third largest cryptocurrency, while Stellar Lumens [XLM] is slowly climbing the charts as it was the eighth largest cryptocurrency, according to data obtained from CoinMarketCap.

XRP

Source: TradingView

Support 1: $0.3069
Support 2: $0.2587
Resistance 1: $0.5836
Resistance 2: $0.6880
Resistance 3: $0.9041

The Aroon indicator showed a rising downtrend that reversed. However, the uptrend also collapsed.

The Chaikin Money Flow crossed the zero-line, indicating that money is flowing into the market.

The Relative Strength Index was near the 50-line, indicating an equilibrium between the buyers and the sellers.

XLM

Source: TradingView

Support 1: $0.0964
Support 2: $0.0742
Resistance 1: $0.1239
Resistance 2: $0.1901
Resistance 3: $0.2796

The Aroon indicator for XLM showed a rising downtrend that soon reversed, which was quite similar to that of XRP. However, the uptrend also collapsed.

The Chaikin Money Flow for XLM has been above the zero-line, which indicated steady money flow into the XLM market since February 01, 2019.

The Relative Strength Index was above the 50-line, which indicated that the momentum is skewed towards the buyers.



Conclusion

XRP showed an overall consolidating move as indicated by the Aroon, CMF, and RSI. The XLM daily chart showed a higher bullish momentum than that of XRP.





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

Analysis

Ethereum [ETH] and Tron [TRX] Price Analysis: ETH and TRX bulls race to the top

Yash Rajan

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Ethereum [ETH] and Tron [TRX] Price Analysis: ETH and TRX bulls race to the top
Source: Pixabay

Ethereum [ETH], the second largest cryptocurrency on CoinMarketCap, was priced at $249.71, at press time. The market cap of ETH was $26.5 billion, with the coin falling by 2.62% over 24 hours. At press time, the 24-hour trading volume was just over $11 billion.

With $1.87 billion in market cap, TRX was ranked eleventh and was priced at $0.02, at press time. The 24-hour trading volume was $692.92 million, with the coin falling by 3.87% in value, at press time.

1-Day ETH

ETH saw resistance at $266.14, and its support lines were traced at $150.45 and $104.64. There was an uptrend extending from $153.89 to $261.56. ETH strengthened its value by experiencing a hike in price and retaining continuous growth for the past two weeks.

Source: TradingView

Source: TradingView

Bollinger Bands were diverging and showcased an increase in volatility in the market. As the moving average line was below the candlesticks, a bullish trend was forecast.

Awesome Oscillator conveyed a bullish buying opportunity as the short-term momentum was rising swiftly.

Chaikin Money Flow indicator revealed that the amount of money flowing into the market was greater than the money flowing out of the market.

1-Day TRX

The resistance stood at $0.03 and the support lines stood at $0.02 and $0.01 for TRX. TRX saw its first uptrend from $0.026 to $ 0.031, and the second uptrend was from $0.024 to $0.034.

Source: TradingView

Source: TradingView

Moving Average Convergence/Divergence [MACD] indicator pictured a bullish crossover.

Parabolic SAR indicator conveyed a bullish trend as the dotted markers were traced below the candlesticks

Relative Strength Index indicator showed bullish divergence due to the oversold condition of the market.



Conclusion

The coins were strengthened by the bullish market trend. All indicators showed both coins recording steady and forward movement.





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