XRP and XLM Hold Steady Amid Broader Crypto Calm

XRP and XLM have seen minimal daily movement over the past 24 hours, trading near $0.62 and $0.11 respectively.

This steadiness comes as the broader cryptocurrency market experiences a period of low volatility, with Bitcoin and Ethereum also trading in narrow ranges.

The derivatives market for both assets is showing signs of reduced bearish sentiment. Open interest in XRP futures has declined by 3% over the past 24 hours, while funding rates have turned slightly positive, indicating that long positions are not being penalized.

Derivatives data also suggests that options traders are now favoring calls over puts for both assets, a sign that downside bets are losing traction.