Main XRP Rival Stellar (XLM) MIght be On Edge of Big Crash: Here’s the Scenario
Main Idea
Stellar (XLM) is showing signs of a potential major crash as it loses the 10-day simple moving average support, while XRP remains strong.
Key Points
1. Stellar (XLM) has dropped below the 10-day simple moving average (SMA), a key support level, signaling potential bearish trends.
2. The price of XLM fell to around $0.426, breaking a support line that previously guided its rise from $0.25 to $0.50.
3. XRP, a rival cryptocurrency, remains stable above $3.17, contrasting with XLM's decline.
4. The breakdown in XLM's price could indicate a significant market shift, though it is unclear if this is a temporary correction or a full-blown crash.
Description
Jed McCaleb's Stellar's (XLM) breakdown sparks alarm as XRP price stays strong
$XLM
$0.34674
+1.90%
$XRP
$2.5763
+1.47%
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