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XRP v. Stellar Lumens [XLM] Price Analysis: XRP bulls break free while XLM gets left in the dust

source-logo  ambcrypto.com 03 June 2019 09:30, UTC

At press time, XRP was priced at $0.455, after jumping by 5.37% over the last 24 hours. XRP held a market cap of $19.193 billion and a 24-hour trading volume of $1.939 billion.

XLM reinforced its position in the top-10 coin list, with a market cap of $2.686 billion. The digital coin was valued at $0.139, after rising by 3.96% over the day. As indicated by CoinMarketCap, $448.533 million was the 24-hour trading volume of the coin.

1-Day XRP

XRP saw an uptrend from $0.405 to $0.459. The resistance was recorded at $0.458, while the support was at $0.371.

Source: TradingView

Relative Strength Index remained over the 50-line at 64.221, which showed that the coin was in the overbought zone.

Chaikin Money Flow was situated at 0.173, demonstrating that capital was flowing into the market.

Awesome Oscillator projected a bullish buying opportunity.

1-Day XLM

The support line for XLM was at $0.128 as the digital asset saw an uptrend from $0.131 to $0.142. XLM was kept in check by resistance at $0.142.

Source: TradingView

Bollinger Bands were converging, suggesting decreasing market volatility.

Parabolic SAR markers pointed towards a bearish pattern in the market as the dotted markers were aligned above the candlesticks

MACD demonstrated a bearish market trend

Conclusion

XRP remained bullish while XLM struggled to keep pace with the competitive crypto-asset.

ambcrypto.com