XRP and XLM Prices Under Pressure Amid Mixed Sentiment

XRP and XLM prices are experiencing difficulties in the market, with mixed sentiment contributing to their decline. According to CryptoQuant summary data, the outlook for these altcoins is neutral to slightly bullish, but momentum indicators suggest weakness.

Derivatives data from CoinGlass shows a mixed sentiment for both XRP and XLM, with a long-to-short ratio below one indicating bearish sentiment in the market. However, the funding rates have flipped positive for both coins, indicating that longs are paying shorts and projecting a bullish sentiment.

The technical analysis of XRP and XLM shows that they are trading below key support levels. For XRP, this means holding below the 50-day EMA at $1.41 and the 100-day EMA at $1.52. The Relative Strength Index (RSI) on the daily chart is hovering just below 50, and a slightly negative Moving Average Convergence Divergence (MACD) line hints at waning bullish momentum.

XLM remains under pressure as it holds below a stack of EMAs, with the 50-day EMA near $0.167, the 100-day EMA around $0.178 and the 200-day EMA close to $0.209 acting as overhead supply.