XRP v. Stellar Lumens [XLM] Price Analysis: Bearish market stalls coins’ momentumJune 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.
XRP registered resistance at $0.461, with support positioned at $0.384. The uptrend for XRP started from $0.402 to $0.457.
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.
XLM saw an uptrend starting from $0.132 to $0.141. Support was positioned at $0.119, with resistance at $0.142.
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.
Both XRP and XLM remained in bearish territory, despite the prices pumping slightly over the day.
Source: Read Full Article