XRP·XLM, Simultaneous Fall...Is Now the Time to Escape?

▲ XRP, Stellar (XLM)/AI generated image

XRP and Stellar Lumens (Stellar, XLM) are simultaneously under downward pressure, strengthening their bearish trend. With a structure where buying pressure cannot enter, the possibility of further decline is emerging.

According to the cryptocurrency specialized media FXStreet on April 30 (local time), XRP and XLM have been experiencing increasingly strong downward price pressure due to the recent expansion of risk aversion sentiment across the market.

XRP continues its downward trend without recovering key resistance levels, and a sell-dominant structure is maintained in the short term. The price trades below major moving averages, facing resistance with every attempt to rebound.

Bearish signals are particularly evident in technical indicators. The Relative Strength Index (RSI) is moving below the neutral line, indicating a lack of buying pressure, and the Moving Average Convergence Divergence (MACD) also shows expanding momentum in the bearish zone.

The market structure is also not positive. Despite increased on-chain activity and some institutional fund inflows, individual investor demand is weakening, limiting upward momentum, according to analysis.

XLM also shows a similar trend, displaying a co-bearish sentiment. Trading continues near major support levels, but clear bullish reversal signals are not apparent. Overall, as selling pressure spreads across the altcoin market, both assets remain stuck in a downtrend.

The current trend is not merely a correction but potentially leading to a sustained bearish trend. Market caution is growing that the extent of further decline could expand depending on whether key support levels are broken.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*