Price Analysis

Stellar Shows Stagnant Growth; While Ripple Remains Mildly Volatile

Stellar played a well-thought game, keeping in mind the Economical concept of ‘demand, supply, and price.’ Therefore, earlier this week, XLM price soared to trade around $0.088 from $0.064 and $0.068. However, currently, it seems to return and consolidate around the price area from where it grew. Stellar exhibits a growing trend, and the uptrend is seemed to form towards the recent past which may keep the coin stable around $0.72 price area.

In comparison to XLM, XRP coin is more volatile in its movement, and unlike Stellar, Ripple has exhibited an uptrend in the initial of the said time period. XRP price faced quite a pull around $0.28, and it took a lot of time for the coin to cross $0.30 and mount at $0.31. However, just as XLM seems to consolidate from where it rose, Ripple price is also moving around the same.

XLM vs. XRP Price Analysis:

Stellar Price
XLM Chart By TradingView

Analyzing the 4-hour movement of Stellar (XLM) over the past month on the exchange of Kraken, we see that the growth momentum in the coin is rapid without any major fall. In the previous month until the last of the previous month, the XLM price kept trading in the range of $0.061–$0.064. Since the last week of the previous month, the coin grew notably, giving a high at $0.078. Also, while the whole crypto market was facing ultimate volatility, XLM mounted as high as $0.088. It grew by over 45% then and is currently trading around 10-day EMA at $0.072.

Ripple (XRP) Price
XRP Chart By TradingView

Unlike to XLM, XRP is comparatively more volatile and has had enough price swings within $0.24–$0.31 in the 4-hourly 30 days duration (data feed from Kraken). Initially, in the said duration, Ripple (XRP) was trading around $0.28 price area, and towards the end of the previous month, it fell as low as $0.248 just to mount at $0.315. This turned out to be the newly formed 30-day high and was again visited forming a double at the same price level on November 6, 2019. However, since the past 2 days the market has been crashing, and therefore XRP bottomed at $0.27061 while currently trades at $0.280.

Technical Indicators–Stellar:

The long-term SMA (50-day) is stable at $0.064, which shows support around the price area where Stellar was being traded before the recent spike.

The MACD of the coin is touching zero and has a bearish run at present, which shows the short-term loss-making situation for the intraday traders as the signal line crosses the MACD line.

The RSI of the coin is slightly above 40 and exhibits no extremities at present.

Technical Indicators–Ripple:

The current trading is well supported by a 50-day moving average and 50-day EMA as well.

The MACD of the coin was touching zero and has now slid below it with a bearish run at present, which shows the short-term loss-making situation for the intraday traders as the signal line crosses the MACD line.

The RSI of the XRP coin is at 40 and exhibits no extremities at present.

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Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.
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