/Ripple’s David Schwartz defends XRP against BTC’s ‘mediocre finality…

Ripple’s David Schwartz defends XRP against BTC’s ‘mediocre finality…

The 24-hour trading volume for XRP was recorded at $1.57 billion, while its market cap was recorded to be over $17 billion, XRP was priced at $0.4184. The 24-hour trading volume for XLM was almost $4.25 million, with it’s market cap recorded at $2.4 billion. XLM was priced at $0.1263, at press time.

1 Day XRP chart

Source: TradingView

A downtrend was noted from $0.4461 to $0.3666, with resistance at $0.4609 and support at $0.2801.

Parabolic SAR the markers for the indicators were seen above the candle which projected a bearish market.

Chaikin Money Flow pointed towards a money inflow market situation, at press time.

Klinger Oscillator indicated towards a bearish divergence.

1 Day XLM chart

Source: TradingView

A downtrend was noted from $0.2493 to $0.1386, XLM saw two notable resistances $0.2488 and $0.1427, and support was sighted at $0.0721.

Bollinger Band indicated squeezing volatility in the market.

The MACD indicator suggested a bearish crossover, at press time.

Relative Strength Index pointed towards a buying pressure in the market.

In conclusion, the bulls caught hold of XRP, even as XLM struggled with the bears.  

 

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