Stellar Surpasses XRP in Technical Threshold
Stellar (XLM) has surpassed its 50-week moving average, while XRP (XRP) still lags behind.
In late September, Stellar rose above its 50-week moving average, while XRP remained stagnant just below its own average. As of September 26, Stellar is trading at $0.22, up 11.2% for the week, while XRP is priced at $1.55 after a 10.4% gain.
Stellar's recent performance versus XRP seems to hinge on a key technical indicator - the 50-week moving average. When a coin trades above this average, it suggests that many investors are now in profit, while a coin below this line often means investors are still at a loss, leading some to sell once prices return to their purchase levels.
Currently, XRP finds itself among those still at a loss. As of September 24, the average XRP buyer of the past year was down about 12%. Those investors might be inclined to sell during any rallies near the $1.56 mark.