XRP, XLM Struggle Amid Resistance and Mixed Signals
Ripple's XRP and Stellar's XLM remain under pressure on Tuesday as bulls struggle to sustain recent gains. XRP extends its decline below $1.480 after three consecutive losing days, while XLM faces rejection near the $0.234 resistance zone.
The mixed derivatives outlook and weakening on-chain metrics suggest that bullish momentum remains fragile, leaving both XRP and XLM vulnerable to further losses.
CoinGlass' long-to-short ratio for Ripple reads 1.02 on Tuesday, while XLM's ratio read 0.76. The XRP funding rate flipped positive on September 24, reading 0.0020% on Tuesday, while the XLM funding rate flipped positive on September 14, reading 0.0083%.
CryptoQuant's summary data shows caution for both altcoins. XRP's spot and futures markets show overheating conditions, while the futures market shows sell-side dominance. For XLM, spot shows large whale orders; however, the futures market also shows sell-side dominance and overheating conditions.