XRP vs Stellar Lumens [XLM] Price Analysis: Coins relishing ongoing bull ride

XRP, the third largest cryptocurrency on CoinMarketCap was priced at $0.424. XRP plummeted by 8.55% over the past 24 hours. At press time, the market cap of the digital currency was $17.8 billion, with $3.1 billion in 24-hour trading volume.

Stellar Lumens [XLM] declined by 8.57% over 24 hours and was priced at $0.128. According to CoinMarketCap, XLM  strengthened its 10th position with a market cap of $2.4 billion and a 24-hour trading volume of $561.4 million.

1-Day XRP

The support line stood at $0.371 as XRP faced resistance at $0.458. XRP saw two uptrends, first, from $0.403 to $0.457, and the second, from $0.382 to $0.451.

Source: TradingView

Bollinger Bands suggested increasing volatility in the market as the bands were diverging.

Parabolic SAR pointed to a bullish trend as the dotted markers were present below the candles.

MACD showed a bullish crossover as the MACD line had crossed the signal line. However, a bearish crossover was expected soon.

1-Day XLM

Stellar Lumens [XLM] saw an uptrend in the previous week, starting from $0.125 to $0.139. Resistance was positioned at $0.142, while XLM sustained its support at $0.121.

Source: TradingView

Relative Strength Indicator suggested that the coin was overbought.

Awesome Oscillator indicated a bullish buying opportunity as the short-term momentum was greater than the long-term momentum.

Chaikin Money Flow indicator revealed that money was flowing into the market as the indicator line was found above the zero-line.

Conclusion

XRP and XLM were both projected to be in bullish territory by the indicators.

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