Summary
The cryptocurrency market has seen a slight rebound in the last 24 hours, with XRP, XLM, and THETA all seeing increases in price. However, the overall market trend remains down, with all three coins down from their all-time highs reached in early March.
XRP
XRP is currently trading at $0.525, up 1.33% in the last 24 hours. XRP has been in a steady decline since mid-March and is currently down over 30% from its high of $0.75 reached just a few weeks ago. The recent sell-off has brought XRP below its 200-day moving average (MA), a key support level, though it has so far held above $0.50.
The MACD (moving average convergence divergence) indicator is currently in a bullish configuration, though with a downward trend. The Relative Strength Index (RSI) is currently at 51.5, in neutral territory.
XRP is currently in a short-term uptrend, though both the medium- and long-term trends are down. The Average Directional Index (ADX) is currently at 18.5, indicating a weak trend.
XLM
Stellar Lumens (XLM) is currently trading at $0.087, up 0.17% in the last 24 hours. XLM has followed a similar trend to other major altcoins in recent weeks, falling sharply from its all-time high of $0.19 reached in early March. The sell-off has brought XLM below its 200-day MA, though it has so far held above $0.08, a key support level.
The MACD is currently in a bearish configuration, though with a upward trend. The RSI is currently at 69.6, indicating an overbought condition.
XLM is currently in a short-term downtrend, though both the medium- and long-term trends are down. The ADX is currently at 40.1, indicating a strong trend.
THETA
Theta Token (THETA) is currently trading at $0.762, up 1.08% in the last 24 hours. THETA has followed a similar trend to other major altcoins in recent weeks, falling sharply from its all-time high of $1.00 reached in early March. The sell-off has brought THETA below its 200-day MA, though it has so far held above $0.75, a key support level.
The MACD is currently in a bearish configuration, though with a upward trend. The RSI is currently at 69.3, indicating an overbought condition.
THETA is currently in a short-term downtrend, though both the medium- and long-term trends are down. The ADX is currently at 40.6, indicating a strong trend.
