XRP v. Stellar Lumens [XLM] Price Analysis: XRP rides bull wave while XLM follows suit with reluctance

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Despite partnerships such as the one with Brazil’s Front Exchange, Ripple’s XRP seemed to be sluggish. XRP recorded a relatively low 24-hour trade volume on 27th May 2019. XRP was priced at $0.4299, with a market cap of $18.10 billion. The 24-hour trade volume came up to be $3.07 billion, out of which, B2BX contributed 6.29% via XRP/USDC pair. XRP gained by 0.50% over the last 24 hours, at press time.

Stellar Lumens [XLM] was priced at $0.1339, with a market cap of $2.58 billion. The 24 hour trade volume came up to be $496 million, out of which BW.com contributed 16.84% via XLM/USDT pair. XLM fell by 1.38% over the last 24 hours, at press time.

1 day-XRP

Source: TradingView

The 1 day chart for XRP showed a downtrend from $0.5821 to $0.4554. The support point stood at $0.2887, while the resistance points were seen at $0.4513 and $0.5253.

The Parabolic SAR showed a bullish trend as the dotted markers were formed under the candlesticks.

The Bollinger Bands were diverging, indicated price volatility in the XRP market.

The Awesome Oscillator showed an increase in momentum, indicated a bullish trend.

1 day- XLM

Source: TradingView

The 1 day chart for XLM showed a downtrend from $0.2775 to $0.1374. The support point was seen at $0.0739, while the resistance points stood at $0.1404 and $0.1673.

The Relative Strength Index showed a bullish trend, despite a drop in buying pressure.

The MACD indicator indicated a bullish trend as the MACD line was above the signal line. However, a bearish crossover was imminent.

The Chaikin Money Flow showed a bullish trend as the flow of capital into the market was more than the outflow.

Conclusion

The 1 day chart for XRP displayed a bullish trend, as indicated by the aforementioned indicators. The 1 day chart for XLM showed a bullish trend, while hinting at imminent bearish movement.


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Rishi Raj

Mastered the colonial language, inspired by music and places, crypto geek. Fries on mind 24/7, believes that Romeo and Juliet could have worked things out.

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