Ripple and Stellar Rebound as Bearish Momentum Weakens

Ripple and Stellar are showing signs of recovery as bearish momentum weakens. XRP has risen over 2% this week, while XLM has rebounded after finding support around $0.177.

The improving derivatives metrics, such as rising open interest and positive funding rates, suggest fresh capital is entering the market, indicating improving trader confidence. This supports the case for a further rebound in both altcoins.

However, mixed on-chain metrics show that XRP's spot and futures markets have large whales' orders with neutral conditions, while XLM shows selling-side dominance, hinting at cautious sentiment among traders.