XRP v. Stellar Lumens [XLM] Price Analysis: Bearish market stalls coins’ momentum

XRP v. Stellar Lumens [XLM] Price Analysis: Bearish market stalls coins’ momentum

June 10, 2019

XRP was priced at $0.40 and fell by 1.701%. According to CoinMarketCap, XRP’s market cap was $16.901 billion.

Stellar Lumens [XLM] had a market cap of $2.389 billion and was positioned 10th on the cryptocurrency charts. XLM was priced $0.123, and was falling by 0.41% over the day.

1-Day XRP

XRP registered resistance at $0.461, with support positioned at $0.384. The uptrend for XRP started from $0.402 to $0.457.

Source: TradingView

Bollinger Bands indicated decreasing volatility in the market as the bands were converging slightly.

Parabolic SAR conveyed a bearish pattern as the dotted markers were positioned above the candles.

MACD exhibited a bearish crossover as the MACD line was under the signal line.

1-Day XLM

XLM saw an uptrend starting from $0.132 to $0.141. Support was positioned at $0.119, with resistance at $0.142.

Source: TradingView

Parabolic SAR conveyed that the markers were aligned above the candles, pointing towards a bearish market trend for XLM.

Bollinger Bands revealed diminishing market volatility, as the bands were converging.

MACD pictured a bearish crossover.

Conclusion

Both XRP and XLM remained in bearish territory, despite the prices pumping slightly over the day.

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