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Ripple’s XRP, Bitcoin Cash [BCH], Stellar Lumens [XLM] back on an uptrend: Technical Analyses and Latest Updates
The crypto market has more or less shaken off the losses seen in last week owing to the recent bearish trends. Ripple's XRP, Bitcoin Cash [BCH] and Stellar Lumens [XLM] are all back in the green, and it looks like they could maintain their upward trajectory.XRP/USD
Ripple’s XRP has firmly placed itself above the $0.30 mark, but that’s not stopping it from rising even more. The coin found support at $0.31 and experienced a break out from the current resistance level, noted at $0.32. The crypto is gaining steam and looks like it could scale higher peaks. The 100 EMA line indicates that XRP is currently in an uptrend while the MACD shows that the virtual currency is trading in the bullish zone. The digital asset is exhibiting a significant trading range of $0.29-$0.34. As of 2023 GMT, the coin had surged close to 15 percent against the U.S. dollar to trade at $0.34.
Ripple’s XRP Latest Updates
- Joseph Lubin, Ethereum co-founder, said in a recent interview that he doesn’t consider Ripple as a competitor since it “isn’t a blockchain technology”. According to him, Ripple is sort of a payment system, and hence can’t be counted as a direct competitor.
- Many in the XRP community are speculating that a listing of Ripple’s XRP on Binance could be on the cards. A photo of Binance CEO Changpeng Zhao and Ethan Beard, senior vice president at Ripple, was posted by TechCrunch founder Michael Arrington on Twitter and has sparked some serious speculations regarding a possible XRP listing.
BCH/USD
Bitcoin Cash [BCH] is recovering well, after spending most of last week in a downtrend. The crypto found support at $534.2 and experience a break out from the current resistance level, which can be found at $546.9. BCH is still on an upward trajectory and can be seen moving even higher. See also: Ethereum’s Vitalik Buterin wants to “walk into a convenience store” & pay “using Bitcoin Cash” The 100 EMA line, at the time of writing, showed that the coin was in an uptrend. The MACD indicated that the virtual currency was trading in bullish territory. BCH was exhibiting a significant trading range of $515-$568.3. As of 2044 GMT, the crypto had risen 6.1 percent against the U.S. dollar to trade at $558.39.
Bitcoin Cash [BCH] Latest Updates
Crypto Facilities, a U.K-based crypto exchange, launched the Bitcoin Cash-Dollar futures, making it the first ever regulated firm to offer this derivative contract.XLM/USD
Stellar Lumens [XLM] is continuing its upward movement and has fared better in the recent bear run seen in the market compared with its counterparts. The digital currency found support at $0.22 and experienced a sudden breakout from its current resistance level, which can be found at $0.23. The coin is attempting to breach the $0.25 mark. See also: Stellar Lumens [XLM] knocks off EOS to become 5th most valuable crypto At the time of writing, the MACD showed that XLM was trading in the bullish zone. The 100 EMA line indicated that the crypto was exhibiting an uptrend. The coin was in a significant trading range of $0.21-$0.24. As of 2058 GMT, XLM had jumped 6.2 percent against the U.S. dollar to trade at $0.23.
