For the past week, the crypto-community has displayed a sharp comeback, with Bitcoin [BTC] breaching the $8000 mark and XRP recording 20% growth in trading value. While XRP is positioned to maintain its upward trajectory, XLM has also begun its swift recovery from the crypto-winter.
The 1-day reading for XRP showed a 20.99% increase in coin value, resulting in a trading price of $0.38. Additionally, the coin also came into headlines after it surged by 5.7% within 1 hour. It sported a 24-hour trading volume of $3.4 billion with a market cap of $16.2 billion, at press time. Moreover, the coin maintained an overall sideways trajectory, while showing bullish signs for the past month.
Parabolic SAR: The dotted markers were found below the candlesticks, indicating an immediate ongoing bullish trend.
MACD: Similarly, since the MACD line was positioned over the signal line, again indicating a bull market.
Relative Strength Index: RSI indicated extremely high buying pressure for the XRP market.
Stellar Lumens’ 1-day chart showed that the 9th ranking altcoin struggled to maintain its low performing trading value. On the other hand, the altcoin recorded an impressive hike of 10.79%, resulting in a price of $0.110906, at press time. Moreover, XLM’s recent spike resulted in a market cap of $2.2 billion with a 24-hour trading volume of $0.5 billion, crippling Tron’s [TRX] chance to gain a higher rank on CoinMarketCap.
Bollinger Bands: The divergence of the bands indicated an increase in market volatility.
Awesome Oscillator: The green histogram projection also indicated bullish momentum for the XLM market.
Klinger Oscillator: Similarly, as the blue plot was forming above the green plot, an ongoing bullish market for the altcoin was projected.
Both XRP and XLM finally joined the collective market surge, the rest of the cryptocurrency market was on.
Source: Read Full Article