📈 Analysis and Prediction (XRP and XLM):
🐻 XRP/USDT - #ripple has been declining since reaching a yearly high of $0.94 in July. The drop led to a minimum of $0.42 and the loss of important horizontal support at $0.53. After a bounce, the price rose above the horizontal area of $0.53. However, it turned out to be false: XRP formed consecutive long upper wicks, after which it resumed its decline. If the downward movement continues, #xrp could fall another 20% and reach the previously defined long-term ascending support line at $0.40. But if the week closes above $0.53, it would mean that the trend remains bullish. In this case, the asset could rise by 55% and reach the next resistance level at $0.75. 📉
🔻 XLM/USDT - The price of #xlm has been decreasing since July 13th, falling below the descending resistance line. During this decline, the token bounced above the $0.110 area multiple times. As a result, a descending triangle pattern formed on the chart, which is considered bearish. On October 9th, Stellar broke through the horizontal area at $0.110 and closed the daily trading below it. By now, the price has reached a new 90-day low of $0.101 on October 12th. A full breakdown of the triangle's height would lead to the price falling slightly below the horizontal support area at $0.076. This would mean a 30% decrease from the current price. Despite the pessimistic forecast, a breakthrough of the triangle's resistance line would indicate that the previous bearish breakout was invalid. In this case, the trend would still be bullish and the price of XLM could rise by 30% to $0.140. 📉
💬 What's your opinion on these predictions? Share your thoughts! 😊