XRP and XLM Stabilize Amid Mixed Sentiment as Bullish Momentum Persists
XRP and XLM are stabilizing after Monday's nearly 9% gains, but analysts remain cautious about their potential for further growth.
A mixed derivatives data picture indicates a bearish sentiment among traders, with long-to-short ratios near their lowest levels in a month. However, funding rates for both altcoins have turned positive, indicating a bullish outlook.
XRP is trading at $1.518 on Tuesday, above its 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs). The Relative Strength Index (RSI) has reached 63, but the Moving Average Convergence Divergence (MACD) remains positive.
XLM is also maintaining a bullish bias, with its price holding above the EMA cluster. The RSI near 66 and a positive MACD histogram suggest strong upward momentum.