XRP, XLM and ADA Technical Analysis And Price Overview For Ripple, Stellar, and Cardano

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Ripple – XRPUSD

XRP, XLM and ADA Technical Analysis And Price Overview For Ripple, Stellar, and Cardano
XRPUSD Chart By TradingView

Ripple (XRP) is still weak even after the recent overall crypto bounce that happened 2 days ago. The daily chart is still in a rough downtrend and the bulls were only able to see 2-3% gains over the last 2 days.

XRP is currently trading at $0.263 and the bulls would need to break above the daily resistance of $0.2796 in order to change the trend.

The 4-hour chart is looking much better and it’s now in a confirmed uptrend and the bulls are enjoying a decent amount of volume. The EMA’s have crossed bullish and XRP is currently trading above both of them.

The weekly chart hasn’t changed much and the bulls would need a lot of work and momentum to change the trend in the short term.

Stellar – XLMUSD

XRP, XLM and ADA Technical Analysis And Price Overview For Ripple, Stellar, and Cardano
XLMUSD Chart By TradingView

Stellar (XLM) is one of the weakest cryptocurrencies, currently trading at $0.063. The recent bounce was basically non-existent for XLM and the daily trend is still in a pretty rough downtrend. The setup was pointing towards a bear flag, however, the flag is now almost at the same size as the pole which means the pattern is no longer active.

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The 4-hour chart is in a small uptrend but the bulls have to be careful since the volume isn’t too great. The EMA’s are also looking for a bullish cross within the next 12 hours. There is also really no resistance until $0.0685 which means that the bulls can easily push XLM up to that resistance level.

The weekly chart continues in a downtrend after 6 weeks in a row of negative gains. The current price is the lowest ever registered on Binance since it was listed back in May 2018.

Cardano – ADAUSD

XRP, XLM and ADA Technical Analysis And Price Overview For Ripple, Stellar, and Cardano
ADAUSDT Chart By TradingView

Cardano (ADA) is in a similar situation. The bulls weren’t able to take advantage of the recent bounce and the daily downtrend continues being strong. ADA is currently trading at $0.045 below both EMA’s.

The 4-hour chart looks a little bit better and the bulls are looking for a bullish cross of the EMA’s. The 4-hour chart is currently in a confirmed uptrend and the RSI is not yet overextended which means that the bulls still have a lot of room for improvement. There isn’t really any nearby resistance until $0.0504.

The weekly chart, clearly, still in a massive downtrend. The bulls have attempted several times to create hammer reversal candlesticks but saw no continuation every single time.

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