XRP and Stellar Lumens [XLM] Price Analysis: XLM follows XRP’s lead and rides the bull wave

XRP and Stellar Lumens [XLM] Price Analysis: XLM follows XRP’s lead and rides the bull wave

XRP saw a price drop following a roller coaster market today and stood 3rd on CoinMarketCap. It was priced at $0.4192 with a market cap of $17.6 billion. The 24-hour trading volume was $4.3 billion, out of which BW.com contributed 10.57% via the XRP/USDT pair.

Stellar Lumens [XLM] was priced at $0.1459, with a market cap of $2.7 billion, at press time. The 24-hour trade volume was $728 million, out of which BW.com contributed 9.79% via the XLM/USDT pair.

1 Day-XRP

Source: TradingView

The 1 day chart for XRP showed a downtrend from $0.5813 to $0.4616. The support point stood at $0.2802. The previous support points, $0.4609 and $0.5161, were now resistance points.

The Klinger Oscillator showed a bullish trend as the Klinger Oscillator was above the signal line.

The Relative Strength Index was seen to descend from the overbought zone, but still displayed the buying pressure to dominate the market.

The MACD indicator showed a bullish crossover.

1 Day-XLM

Source: TradingView

The 1-day chart for XLM showed a downtrend from $0.2743 to $0.1403. The support point was at $0.0713. The previous support point of $0.1635 was now a resistance point.

The Parabolic SAR showed a bullish trend as the dotted markers were formed under the candles, indicating a bullish trend.

The MACD indicator displayed a bullish crossover.

Chaikin Money Flow indicated the inflow of money into the XLM market being more than the outflow.

Conclusion

The 1-day chart for XRP showed a bullish trend, while the same can be said about XLM.

The post XRP and Stellar Lumens [XLM] Price Analysis: XLM follows XRP’s lead and rides the bull wave appeared first on AMBCrypto.