Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Prices hold steady valuations as market moves towards a neutral trend

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XRP and Stellar [XLM] price valuations have witnessed a sideways movement after the recent price hike as both tokens rallied to keep their prices consistent through the sudden market pump. XRP, the third largest cryptocurrency, recorded a market capitalization of $13.5 billion and was priced at $0.32. The decline rate over a 24-hour period was around 0.32 percent, however, the fall of valuation over the past seven days was a massive 8.73 percent.

Stellar’s XLM recorded a trading volume of around $234 million in the market and the token was priced at $0.11. XLM followed XRP’s cue and suffered a higher decline rate of 11.34 percent over the past seven days.

XRP one-day chart:

Source: Trading View

The long term one-day chart of XRP showcased a long-term resistance at $0.387, which was not breached during the surge. The prices kept moving between the resistance at $0.362 and the support at $0.292. The uptrend extended the valuation from $0.323 to $0.365.

The Bollinger Bands or BB indicators exhibited convergence on the chart, indicating a less volatile period for the token.

The Relative Strenght Index or RSI remained neutral as the selling and buying pressures cancelled each other out.

The Awesome Oscillator or AO indicated a bearish momentum that was losing dominance, at press time.

XLM one-day chart:

Source: Trading View

The XLM chart experienced an uptrend during the price surge, which propelled the valuation from $0.088 to $0.133. The support line for the token before the surge remained at $0.074 and the resistance line after the hike was placed at $0.135.

The Parabolic SAR markers hovered over the candlesticks in the chart, indicating a bearish trend for the virtual asset.

The Chaikin Money Flow of CMF line was above the zero-line and pointed towards the fact that the capital coming into the market was more than the capital leaving the market.

The MACD line exhibited a bearish trend for the token as the red line remained over the blue line.

Conclusion:

XRP and XLM continued to exhibit sideways movement and the price valuation was at an impasse with both bulls and bears failing to dominate the market.

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