Considering the recent price fluctuations, it is now safe to say that XLM has become Ripple and XRP’s nemesis. XLM has been performing slightly better than XRP on the daily chart. The price of XRP, at press time, was $0.3076 and the market cap was $12.83 billion, while the price of XLM was $0.107, registering a market cap of $2.06 billion.
XRP is the third largest cryptocurrency, while Stellar Lumens [XLM] is slowly climbing the charts as it was the eighth largest cryptocurrency, according to data obtained from CoinMarketCap.
Support 1: $0.3069
Support 2: $0.2587
Resistance 1: $0.5836
Resistance 2: $0.6880
Resistance 3: $0.9041
The Aroon indicator showed a rising downtrend that reversed. However, the uptrend also collapsed.
The Chaikin Money Flow crossed the zero-line, indicating that money is flowing into the market.
The Relative Strength Index was near the 50-line, indicating an equilibrium between the buyers and the sellers.
Support 1: $0.0964
Support 2: $0.0742
Resistance 1: $0.1239
Resistance 2: $0.1901
Resistance 3: $0.2796
The Aroon indicator for XLM showed a rising downtrend that soon reversed, which was quite similar to that of XRP. However, the uptrend also collapsed.
The Chaikin Money Flow for XLM has been above the zero-line, which indicated steady money flow into the XLM market since February 01, 2019.
The Relative Strength Index was above the 50-line, which indicated that the momentum is skewed towards the buyers.
XRP showed an overall consolidating move as indicated by the Aroon, CMF, and RSI. The XLM daily chart showed a higher bullish momentum than that of XRP.
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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.