XRP and XLM Prices Suffer from Mixed Market Sentiment

Ripple and Stellar, two prominent altcoins, are currently facing a mixed market sentiment. On-chain activity for both coins shows mild bullish signs, with cryptoquant data indicating a neutral to slightly bullish outlook.

Derivatives data, however, presents a more bearish picture, with CoinGlass' long-to-short ratio showing bearish sentiment in the market. Nevertheless, funding rates data for both altcoins support improving sentiment, suggesting that investors are projecting a bullish sentiment.

The technical analysis of XRP and XLM reveals that both currencies have key levels to breach in order to make significant price movements. For XRP, the $1.40 resistance level is crucial, while XLM needs to break above the 50-day EMA at $0.165. A failure to do so may result in a deeper retracement of the prior advance.