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XRP and XLM Price Analysis for September 23

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Fri, 23/09/2022 - 16:00
XRP and XLM Price Analysis for September 23
Cover image via www.tradingview.com

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None of the sides is controlling the cryptocurrency market based on the CoinMarketCap ranking.

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Top coins by CoinMarketCap

XRP/USD

XRP is outperforming most of the other coins as the price has grown 9.45%.

XRP/USD chart by TradingView

XRP has made a false breakout of the resistance zone at $0.50-$0.54. At the moment, one needs to pay close attention to the recently formed local support level at $0.4704. If the price comes back to it, buyers might lose the initiative. Likewise, the drop may lead to the test of the next level at $0.44.

XRP is trading at $0.48927 at press time.

XLM/USD

Stellar (XLM) could not show such a rise as XRP, going up by 2.43%.

XLM/USD chart by TradingView

Stellar (XLM) has also made a false breakout of the $0.13 zone against the increased volume. However, buyers keep dominating until the price is above the $0.1165 mark. If bulls can hold that area, traders can expect a slight upward move to $0.14. But it might take a few weeks for that to happen.

Stellar (XLM) is trading at $0.1223 at press time.

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