Ripple and Stellar Display Bullish Sentiment Ahead of Crucial Tests

XRP and XLM are showing signs of recovery as they hold above key support zones.

The derivatives metrics indicate a bullish outlook, with both altcoins exhibiting positive funding rates and rising long positions. The long-to-short ratios for Ripple and Stellar read 1.14 and 1.15 respectively, nearing their highest levels in a month. This suggests that traders are betting on an increase in asset prices.

XRP's price is trading at $1.402, maintaining its bullish bias as it holds above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs). The Relative Strength Index (RSI) is near 59, hinting at still-positive but moderating strength.

XLM's price is trading at $0.193, extending its recovery above the EMAs. The RSI holds in bullish territory around 60, while the MACD histogram stays mildly positive with the line above the signal.