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Crypto

Stable Prices for XRP and XLM Amid Easing Downside Pressure

Guavy AI Editorial Team
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BTC ETH XRP XLM
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XRP and XLM have maintained their stability over the past day, trading at $0.62 and $0.11 respectively.

This calm comes amidst a broader cryptocurrency market that is also experiencing low volatility, with Bitcoin and Ethereum trading in narrow ranges.

The derivatives market for both assets shows reduced bearish sentiment, with open interest in XRP futures decreasing by 3% over the past day and funding rates turning slightly positive, indicating long positions are not being penalized.

XLM's derivatives data reveals a drop in short interest, suggesting traders are less inclined to bet against the token.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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