XRP and Stellar [XLM] Price Analysis: Tokens surge as bulls join the coin market

2019-4-2 20:30

A bull wave swept the cryptocurrency market on April 2 as the price valuation of top cryptocurrencies surged significantly. XRP, the third largest cryptocurrency in the world, rose by 4.96% over the hour, while XLM surged by 7.31% in an hour against the US Dollar, at press time.

The market capitalization garnered by XRP was around $14 billion, while the overall trade volume recorded was $1.25 billion over the last 24 hours. XLM recorded a trade volume of $408 million and the market cap remained close to $2.2 billion.

XRP 1-day chart

Source: TradingView

The one-day chart of XRP witnessed an uptrend which stretched from $0.3156 to $0.3280, while the resistance line at $0.3320 held strong. The support line for the token remained at $0.285.

The Bollinger Bands were diverging, implying a significantly volatile period for the token.

The MACD line surged over the red line, indicating a bullish run for the coin.

The Relative Strength Index for the coin rose and remained close to the 70 line marker, suggesting that the buying pressure was greater than the selling pressure.

Stellar Lumens 1-day chart

Source: TradingView

Stellar’s XLM token witnessed multiple uptrends on the chart. A significant one extended from $0.0959 to $0.1183, followed by the uptrend stretching from $0.108 to $.1168. The resistance line for the token remained strong at $0.1184.

The Parabolic SAR for the token indicated the beginning of a bullish phase for the token.

The Awesome Oscillator indicated bullish momentum as the last bar was green and had significant strength.

The Fisher Transform line remained above the signal line, implying a continuing bullish trend for the token.

Conclusion

Following the massive surge, both tokens enjoyed a significant pump in the market. However, the prices had not consolidated yet, which will be clearer once price correction takes place.

The post XRP and Stellar [XLM] Price Analysis: Tokens surge as bulls join the coin market appeared first on AMBCrypto.

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Источник: ambcrypto.com

market xrp → Результатов: 126


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