XRP, the third largest cryptocurrency on CoinMarketCap, has been facing the longest bear market as it continues to fall. Stellar Lumens [XLM] joined the coin in its spiral downwards as it also continued to dip in the market. However, the volatility did not push the coin out of the top-10 cryptocurrencies list.

XRP

At press time, XRP had fallen by 8.33% over the past seven days and was valued at $0.2987, with a market cap of $12.54 billion. The trading volume was noted to be $772 million, while the coin dipped by a meager 0.04% over the past day. It continued to fall by 0.12%, at press time.

Source: Trading view

Resistance- $0.3669

Support- $0.2905

Bollinger Bands were moving parallel to each other and indicated a stagnant market. The candlesticks were under the Moving Average line, indicating a bearish phase for the coin.

Awesome Oscillator indicated the bearish market gaining momentum, presenting a bearish selling opportunity.

Chaikin Money Flow was well below the zero-mark and indicated a bearish market.

Stellar Lumens [XLM]

At press time, the coin was valued at $0.0990 and was plunging by 12.20% over the past seven days. The market cap of the coin was noted to be $1.89 billion, with the 24-hour trading volume being $190 million. XLM noted a slip of 1.11% over the past day and continued to fall by 0.32% by the hour, at press time.

Source: Trading view

Resistance- $0.1340

Support- $0.0985

Parabolic SAR pointed towards a bearish market as the dotted markers were aligned above the candlesticks.

MACD line was under the signal line, thus indicating a bearish market.

Relative Strength Index indicated that the buying and selling pressures had evened each other out.

Conclusion 

According to XRP and XLM’s long-term charts, a bearish market was predicted for the coins.

The post XRP and Stellar Lumens [XLM] Price Analysis: Top coins struggle to get out of bearish phase appeared first on AMBCrypto.

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