XRP and XLM Soar: Key Breakouts Loom Amid Cautious Sentiment
Ripple's XRP and Stellar's XLM are showing renewed strength after significant price gains in the previous week.
XRP surged over 53% last week, while XLM rallied 27%. The two altcoins are now approaching key technical levels that could determine their next move.
However, mixed on-chain signals with a slight bearish tilt suggest traders remain cautious amid the recent price gains. According to CryptoQuant's data, XRP's futures markets show large whale orders but overheating conditions after the recent price surge.
The institutional demand for XRP remains robust, with spot Exchange Traded Funds (ETFs) recording a $13.82 million inflow on Monday, marking the fifth consecutive day of inflows since last week.