XRP, the third largest coin on CoinMarketCap, registered significant growth over the past few days. However, its gains weren’t at par with other major cryptocurrencies in the coin market. Stellar Lumens [XLM] was one of these other cryptocurrencies.

XRP

At press time, XRP was valued at $0.3603, with a market cap of $15.04 billion. It reported a 24-hour trading volume of $1.49 billion, while noting a growth of 0.03% over the day. Over the week, the coin noted a 15.93% surge in its price. However, it was falling by 0.36% over the hour, at press time.

Source: TradingView

According to XRP’s long-term chart, a downtrend was observed from $0.5554 to $0.3670. However, the chart did not note any significant uptrend. The resistance for XRP was marked at $0.3869, while the support was marked at $0.2923.

Bollinger Bands appeared to be diverging, suggesting increased volatility in the market. The moving average line aligned under the candles, supporting a price hike.

Awesome Oscillator indicated strengthening bullish momentum.

Chaikin Money Flow also marked a bullish trend as the marker was above the zero mark.

Stellar Lumens [XLM]

Source: Trading view

Source: TradingView

At press time, XLM was valued at $0.1338 with a market cap of $2.57 billion. The 24-hour trading volume of XLM was observed to be $374 million, while it noted a growth of 5.64% over the day. XLM’s price rose by 23.22% over the past week and was still rising by 0.33% over the past hour, at press time.

Parabolic SAR noted a bullish market as the dotted markers were under the candlesticks.

MACD line was under the signal line, marking a bullish market.

Relative Strength Index indicated that the cryptocurrency had entered the overbought zone.

Conclusion 

The indicators for both XRP and XLM marked the presence of a raging bull. A bullish trend was thus predicted for the coins.


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(Excerpt) Read more Here | 2019-04-08 14:31:27
Image credit: source

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