More

    XRP, Chainlink, Stellar Price Analysis: 28 August

    The altcoin market flashed gains since the last 24 hours, but also signaled at potential price pullbacks. XRP gained 5.9% but buying strength dipped despite the gain. Chainlink recorded a 4.3% increase, while pointing towards possible rangebound movement. Lastly, Stellar could experience a sell-off even though it logged a 4.6% gain. 

    XRP

    XRP/USD, TradingView

    XRP rose 5.9% over the last 24 hours, and was trading at $1.15. The continued uptrend could push XRP to topple over the $1.20 mark, and test the $1.31 level. Technical parameters showed positive price action. 

    MACD displayed green bars on its histogram underlining that XRP was on an uptrend. The Parabolic SAR flashed dotted lines below the candlesticks in accordance with the aforementioned reading. 

    Relative Strength Index, even though bullish, threatened to fall below the half-line. In the event of a sell-off, XRP could find support on the $1.06 mark. 

    Chainlink (LINK)

    XRP, Chainlink and Stellar Price Analysis: 28 August

    LINK/USD, TradingView

    LINK was priced at $25.79 and it registered a 4.3% gain over the last 24 hours. With continued upward  movement, LINK could attempt to test the $27.77 price ceiling. In order to retest the $30.37 resistance mark, LINK would need to trade above the $27.77, longer than just a few trading sessions. 

    MACD observed green bars on its histogram, depicting an upward price action. Awesome Oscillator also pointed at the same, with the green signal bars. 

    Bollinger Bands, however, implied a constricted price movement as the bands tightened. The expected range for LINK to trade within, could be between $27.77 and $24.30 levels. On the flip side, if prices reverse, LINK could find support on $24.30 and $21.37. 

    Stellar (XLM)

    XRP, Chainlink and Stellar Price Analysis: 28 August

    XLM/USD, TradingView

    Stellar noted a 4.6% appreciation since yesterday. XLM’s prices stood at $0.348. The immediate resistance for the coin lay at $0.381 and then at $0.400. The four-hour chart, however, indicated chances of a price reversal. 

    Awesome Oscillator flashed green signal bars. Green bars  on MACD’s histogram receded over the past trading sessions. Buying pressure lost strength and the Relative Strength Index fell slightly below the half-line. 

    In event of the buying pressure declining further, prices could come down to $0.346 as the coin was trading too close to the aforementioned support line. The next support level for XLM was at $0.319.

    Related articles

    Comments

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Share article

    Latest articles

    Atlantis Exchange Received 30,000,000 Advanced Bitcoin as Liquidity

    SEATTLE, WA, May 20, 2022 /24-7PressRelease/ — Atlantis Exchange is pleased to announce that a deposit of 30,000,000 Advanced Bitcoin (“aBTC”), a green cryptocurrency...

    These indicators show how the equities sell-off is influencing crypto prices to fall down

    Cryptocurrencies experienced on May 10 a large market crash, losing over 10% in a single day of most of the coins. This is the...

    Xendit Raises $300M to Grow Payments Platform

    Southeast Asia payments platform Xendit closed a $300 million Series D funding round that brings its total investment capital since 2015 to $538 million,...

    Top Cryptocurrency Prices Today, May 20: After crypto crash, Bitcoin, ETH, Solana, ADA, Polkadot, Matic rise upto 6%

    Top Cryptocurrencies of the World Prices Today in India (May 20, 2022): The global crypto market cap recovered 2.87% in the last 24 hours...

    Ethereum to Merge in August as Final Testing Begins

    The Merge is a milestone upgrade that transitions the Ethereum network consensus mechanism from proof-of-work mining to proof-of-stake (PoS). It is a significant step...

    Newsletter

    Subscribe to stay updated.