XRP and Stellar Lumens [XLM] Price Analysis: XRP’s market trend remains indecisive as bears take hold of XLM

XRP, the third largest cryptocurrency, experienced a minor rise in valuation as the token witnessed a growth of 5.54% over the last 24 hours in comparison to the US dollar. The market capitalization recorded was around $14.4 billion and the token was priced at $0.339 at press time.

Stellar Lumens [XLM] also improved its valuation at press time as the token witnessed a hike of $3.01%. The trading volume garnered 315 million, showing a surge of 75 million, over the 24-hour period. At press time, the XLM token was valued at $0.119.

XRP one-day chart:

Source: Trading View

The one-day chart of XRP pointed towards sideways movement of the token between the resistance line of $0.367 and the support line of $0.294. The long-term uptrend improved the price from $0.340 to $0.366, but was followed by a minor fall. However, at press time, the token showed signs of surging, as a small uptrend stretched the value from $0.33 to $0.342.

The Parabolic SAR indicated a bearish wave for the token as the dotted markers remained above the candlesticks in the charts.

The Relative Strength Index or RSI implied that the buying pressure and selling pressure had evened each other out in the market.

The Fisher Transform line underwent a recent crossover with the red line, indicating a bullish trend.

XLM one-day chart:

Source: Trading View

The XLM one-day chart witnessed a steady hike over time as the valuation exhibited an uptrend that stretched the valuation from $0.083 to $0.1126. The resistance line after the recent surge was scaled at $0.135 and the long-term support remained at $0.074.

The Bollinger Bands indicated a volatile period for the token, but the markers showed signs of convergence, implying that volatility might decrease in the forthcoming period.

The MACD line pointed towards a bearish trend as the blue line remained under the red line in the chart.

The Chaikin Money Flow or CMF line was above the zero line indicating that capital was flowing into the market.

Conclusion:

The bulls and bears failed total dominance of the XRP token as the price valuation consolidated between the resistance and support lines. However, the bearish trend seemed to continue for XLM according to the indicators in the chart.

The post XRP and Stellar Lumens [XLM] Price Analysis: XRP’s market trend remains indecisive as bears take hold of XLM appeared first on AMBCrypto.

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