Ripple’s XRP, Stellar Lumens [XLM] Technical Analyses and Price Prediction 2018
The cryptocurrency market seems to find no reprieve as most major digital coins are giving in to broader bearish trends. Ripple’s XRP and Stellar Lumens [XLM] are no different, except for the fact that their losses aren’t as bad as most of their counterparts.
The coin earlier found support at $0.32 and has since been inching higher. The crypto is attempting to break out from the current resistance level, which can be traced at $0.34. XRP is still facing selling pressure and will likely struggle to maintain its gaining momentum.
At the time of writing, the 100 EMA line showed that the digital asset was in an uptrend. But, the MACD indicated that the coin was still trading in bearish territory. The virtual currency was exhibiting a significant trading range of $0.31-$0.34. As of 1705 GMT, the coin had slipped 1.5 percent against the U.S. dollar to trade at $0.33.
The crypto had inched 1.3 percent lower against BTC at the time of writing. One XRP was equivalent to about 0.00005 BTC.
Ripple’s XRP price prediction 2018
According to Smartereum, experts believe XRP could rise to as high as $200-$300 in ten years. Megacryptoprice forecasts that the coin will hit $6.14 by the end of next year.
Ripple Coin News predicts that the crypto could climb to about $8-$10 by the end of this year. However, the Economy Forecast Agency has a more pessimistic view, and has forecast that the virtual currency’s price will fall by the end of the year on account of “technology partnerships not fulfilling promise”.
The digital currency found support at $0.214 but has failed to witness meaningful gains. The coin is attempting to break out from the current resistance level, which can be found at $0.22. The crypto is experiencing some selling pressures and may not be able to sustain any positive movement.
The MACD, at the time of writing, showed that XLM was trading in the bearish zone. The 100 EMA line indicated that the coin was in a firm downtrend. The digital currency was exhibiting a significant trading range of $0.212-$0.22. As of 1720 GMT, the crypto had inched down 0.2 percent against the U.S. dollar to trade at $0.223.
At the time of writing, the virtual currency had edged 0.1 percent higher against BTC. One XLM was equivalent to about 0.000035 BTC.
Stellar Lumens [XLM] price prediction 2018
Investing Haven has predicted that the coin could be worth $4 this year, as long as there aren’t any major security flaws and the overall sector preforms well.
According to Monetize.info, the crypto’s price could reach $2-$3 this year. The Economy Forecast Agency, which has a more conservative prediction, has forecast that the virtual currency will drop to $0.15 this year.
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