Ripple and Stellar Struggle Amidst Broader Market Uncertainty

Ripple (XRP) and Stellar (XLM) continue to struggle amidst broader market uncertainty and weak technical momentum. XRP is hovering below the $1 mark, while XLM extends its corrective decline below $0.157.

The derivatives data shows mixed sentiment with a mild bearish tilt among traders. The long-to-short ratio for XRP and XLM reads 0.80 and 0.87, respectively, indicating a slight bias towards selling.

CryptoQuant's summary data also indicates cautious optimism. However, the data reveals selling-side dominance in both markets, hinting at bearish sentiment among traders.