XRP and Stellar Lumens [XLM] collectively fell prey to the bear trap as the tokens plummeted massively in valuation. At press time, XRP suffered an 8.30 percent decline in growth and the token was priced at $0.299. The market capitalization also took a hit, slumping down to $12.54 billion.

XLM suffered a similar fate after it experienced a decline of 7.64 percent against the US Dollar. The trade volume garnered was around $249 million and the token was valued at $0.104.

XRP one-day chart

Source: Trading View

XRP’s one-day chart showed that the token underwent sideways movement between the resistance line of $0.367 and $0.291. The uptrend extended from $0.326 to $0.3654 and the downtrend followed, devaluing the token from $0.3659 to $0.324.

The Bollinger Bands indicated a volatile period for the token as the bands were diverging in the market.

The Fisher Transform line exhibited a bearish trend for the token as the red line remained above the blue line.

The MACD line also pointed towards a bearish trend as the blue line hovered under the red line.

XLM one-day chart

Source: Trading View

XLM’s one-day chart exhibited a major uptrend, extending from $0.088 to $0.1331. The improved valuation took a hit as the price plummeted from $0.1351 to $0.1181. The resistance line remained at $0.135 and the support line was scaled at $0.074.

The Parabolic SAR indicated a bearish trend for the token.

The Relative Strength Index remained neutral, but the selling pressure slightly dominated the buying pressure.

The Chaikin Money Flow line was under the zero line, indicating that the capital entering the market was minimal.

Conclusion

All the aforementioned indicators suggested that the tokens were in for a bearish trend in the near future.

The post XRP and Stellar Lumens [XLM] Price Analysis: Tokens fall prey to bear’s fury as market falls appeared first on AMBCrypto.

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