Bearish Bias Extends for Ripple and Stellar

Ripple (XRP) and Stellar (XLM) are struggling to gain traction as bearish bias continues to dominate their respective markets, according to technical charts.

The current price action indicates that both digital assets are trading below key moving averages, with sellers maintaining control. Lower highs and lower lows on the daily timeframe suggest further declines unless a significant reversal occurs.

For Ripple, immediate support is seen around $0.50, while resistance lies near $0.55. Stellar faces similar pressure, with support at $0.10 and resistance at $0.12. These levels are crucial for traders to monitor, as a break below support could accelerate selling, and a move above resistance might signal a shift in sentiment.