The cryptocurrencies market is still downtrending. All the top 10 crypto coins by market cap are falling against the USD, excepting Cardano (ADA) which is only showing a very small decrease, at the moment. Ripple (XRP) is also decreasing and the same trend is followed by Stellar (XLM).
Ripple (XRP) Price Analysis – XRP/USD
It is expected that the Ripple (XRP) to maintain orbiting around $0.78 – $0.83.
At the moment of this article, Ripple (XRP) is trading at $0.79 decreasing by 3.72% in the last 24 hours.
Yesterday, the XRP closed at $0.80 and the sentiment remains bearish.
However, if the sentiment that characterizes the cryptocurrencies market in the last period gets betters, then the Ripple (XRP) should go up at around $1.20.
On the other hand, if the situation keeps on the same track, then the Ripple (XRP) might fall below $0.73, which would mean that XRP could fall further to $0.69 and even further to $0.56.
Stellar (XLM) Price Analysis – XLM/USD
The Stellar (XLM) price movements are still slow since yesterday after the Stellar (XLM) dropped from at $0.31 to $0.28.
The new trading day started with Stellar (XLM) orbiting around $0.29 with just a slow intrusion above the $0.30 level.
However, Stellar (XLM) is trading at $0.297, as we speak, showing a decrease of just 2.15% in the last 24 hours.
Besides, the sentiment remains the same for the XLM, therefore, traders should consider placing long trades but only when the Stellar (XLM) crypto coin settles at above $0.32 for at least a few days.
Cardano (ADA) Price Analysis – ADA/USD
At the moment of this review, Cardano (ADA) is trading at $0.226 measuring a decrease by only 0.57% in the last 24 hours.
However, the Cardano (ADA) cryptocurrency orbited around $0.225 with just a slight increase over $0.23, while its today’s lowest, so far, was at $0.221.
Cardano (ADA) is expected to go up if it will break and, at the same time, settle for at least a couple of days above $0.23.
The Bottom Line
Trading now on Ripple (XRP), Stellar (XLM) and Cardano (ADA) is quite risky, thus, you should wait for these coins to settle above their resistance prices and place long trades only.