Bullish Bias Takes Hold for Ripple and Stellar as Derivatives Metrics Align

The technical indicators for XRP and XLM are signaling a bullish bias as both altcoins maintain their positions above key support zones.

Derivatives metrics from CoinGlass show that long-to-short ratios for Ripple (XRP) and Stellar (XLM) have reached 1.14 and 1.15, respectively, indicating a strong bullish sentiment among traders.

The funding rates for both altcoins have also turned positive, with XRP's funding rate at 0.0084% and XLM's at 0.0147%, suggesting that longs are paying shorts and reinforcing the bullish outlook.

XRP is trading at $1.402 on Tuesday, holding above its Exponential Moving Averages (EMAs), while XLM is trading at $0.193, extending its recovery above the EMAs and tilting the near-term bias to the upside.