XRP v. Stellar Lumens [XLM] Price Analysis: Bears retain control of the field

The rise and fall of Bitcoin has impacted the performance of many altcoins, including XRP and its competitor, Stellar Lumens [XLM]. XRP has not been as volatile as other alts. On the other hand, XLM has fallen tremendously out of the top 10.

XRP

Parabolic SAR: The dotted markers were reported to be above the candlesticks, indicating a bearish market.

MACD line was under the signal line, reporting a bearish market.

Relative Strength Index: The selling and buying pressures were evening each other out.

Resistance: $0.4743

Support: $0.2865

Although the coin noted a sudden surge in its price, it fell subsequently. At press time, XRP was valued at $0.3822 with a market cap of $16.27 billion. The 24-hour trading volume of the coin was noted be $1.08 billion as it noted gains of 0.13% over the day. The coin fell by 8.37% over the past week, but noted a surge of 0.04% within the past hour.

Stellar Lumens [XLM] 

Resistance: $0.1437

Support:$0.0733

Bollinger Bands: The moving average line was noted to be above the candlesticks, marking a bearish market. Further, the bands were diverging and suggested growing market volatility.

Awesome Oscillator: Despite the bearish trend, a resurgent bullish trend was also noted.

Chaikin Money Flow: The signal line was under zero, implying that money was flowing out of the market.

XLM was valued at $0.1011, with a market cap of $1.97 billion. The 24-hour trading volume of the coin was $309.98 million as it fell by 7.66% over the week. Over the past 24 hours, XLM spiked by 0.51% and continued to stride up by 0.04% within the hour.

Conclusion

The market appears to be bearish for the two competing coins.