XRP and Stellar Lumens [XLM] Price Analysis: XLM rides the bull while XRP crumbles under bearish pressure

Considering the recent price fluctuations, it is now safe to say that XLM has become Ripple and XRP’s nemesis. XLM has been performing slightly better than XRP on the daily chart. The price of XRP, at press time, was $0.3076 and the market cap was $12.83 billion, while the price of XLM was $0.107, registering a market cap of $2.06 billion.

XRP is the third largest cryptocurrency, while Stellar Lumens [XLM] is slowly climbing the charts as it was the eighth largest cryptocurrency, according to data obtained from CoinMarketCap.

XRP

Support 1: $0.3069 Support 2: $0.2587 Resistance 1: $0.5836 Resistance 2: $0.6880 Resistance 3: $0.9041

The Aroon indicator showed a rising downtrend that reversed. However, the uptrend also collapsed.

The Chaikin Money Flow crossed the zero-line, indicating that money is flowing into the market.

The Relative Strength Index was near the 50-line, indicating an equilibrium between the buyers and the sellers.

XLM

Support 1: $0.0964 Support 2: $0.0742 Resistance 1: $0.1239 Resistance 2: $0.1901 Resistance 3: $0.2796

The Aroon indicator for XLM showed a rising downtrend that soon reversed, which was quite similar to that of XRP. However, the uptrend also collapsed.

The Chaikin Money Flow for XLM has been above the zero-line, which indicated steady money flow into the XLM market since February 01, 2019.

The Relative Strength Index was above the 50-line, which indicated that the momentum is skewed towards the buyers.

Conclusion

XRP showed an overall consolidating move as indicated by the Aroon, CMF, and RSI. The XLM daily chart showed a higher bullish momentum than that of XRP.