ambcrypto.com
XRP, the third largest cryptocurrency, saw huge amounts of funds being moved earlier today. XRP was priced at $0.3701, with a market cap of $15.5 billion, at press time. The 24-hour trade volume came up to be $1.9 billion out of which, ZBG contributed 6.90% via XRP/USDT pair. XRP had fallen by 7.31% over the last 24 hours, at press time.
XRP’s competitor, Stellar Lumens [XLM] was priced at $0.122, with a market cap of $2.35 billion. The 24 hour trade volume came up to be $416 million, out of which BW.com contributed 10.84% via XLM/USDT pair. XLM fell by 8.61% over the last 24 hours, at press time.
1 day-XRP
Source: TradingView
The 1 day chart for XRP showed a downtrend from $0.5821 to $0.4550. The support point stood at $0.2881. The resistance points were seen at $0.4546 and $0.5247.
The Parabolic SAR showed a bearish trend as the dotted markers were formed on top of the candlesticks.
The MACD indicator hinted at a bearish crossover.
The Relative Strength Index indicated that the buying pressure was falling as the graph was seen to be in a downward move, indicating bearish trend.
1 day- XLM
Source: TradingView
The 1 day chart for XLM showed a downtrend from $0.2775 to $0.1430. The support point stood at $0.0738. The resistance points were seen at $0.1432 and $0.2541.
The Klinger Oscillator showed a bearish trend as the Klinger Oscillator dropped below zero, along with a drop in price
The Chaikin Money Flow crept below zero, indicating a greater outflow of capital, than inflow
The Relative Strength Index showed a decrease in buying pressure, indicating a bearish phase for the coin market.
Conclusion
The 1 day chart for XRP showed an overall bearish trend, as indicated by the aforementioned indicators. The same can be said about XLM.