XRP/USD and Stellar Lumens [XLM/USD] Price Analysis: Coins continue to struggle against bearish forces

While the crypto-verse regained prominence among mainstream investors, XRP and Stellar Lumens [XLM] still rank as the worst performing coins. Both altcoins displayed consistent downtrends, while failing to post any significant gains. Over the last 24 hours, XRP and XLM have fallen by 2.24% and 3.68%, respectively. While XRP maintained its position as the second best performing altcoin, XLM struggled to maintain its ninth position.

XRP 1-Day

Source: TradingView

The one-day reading displayed a strong sideways trend for the XRP market throughout the year. The altcoin was sporting a trading price of $0.315319 and trading volume of $1.8 billion, at press time. Positioned at the third position based on market capitalization, XRP showed no prominent resistance or support.

Parabolic SAR: The alignment of the dotted markers above the candlesticks suggested a bearish trend for the coin.

Relative Strength Index: The RSI indicator was placed at the center of the graph, which indicated no immediate buying or selling pressure for XRP.

MACD: The MACD indicator pictured a bullish crossover and was accompanied by rising blue histogram signals, indicating a bullish trend for the market.

XLM 1-Day

Source: TradingView

Resistance 1: $0.11

Support 1: $0.09

Although XLM maintained its recovery mode alongside BTC’s bull run, the ninth positioned cryptocurrency fell in value throughout May, 2019. XLM was trading at $0.100117 with a market cap of $1.9 billion and trading volume of $0.3 billion.

Chaikin Money Flow: The CMF indicator was positioned slightly below the zero line, which indicated that the outflow of capital was dominant in the XLM market.

Klinger Oscillator: The blue plot was positioned above the green plot, suggesting a bullish trend for the altcoin.

Bollinger Bands: The BB bands were diverging, suggesting growing volatility for the coin.

Conclusion

Both XRP and XLM were unable to sustain any kind of bullish momentum.

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