XRP·Stellar Rise Signals Detected…On-Chain and Technical Indicators Both Positive

▲ XRP (Ripple) VS Stellar (XLM) ©

With on-chain and derivative indicators simultaneously showing signs of life, XRP and Stellar are creating initial rebound signals.

According to the investment media FXStreet on April 21 (local time), XRP (Ripple) broke above its 50-day Exponential Moving Average (EMA) of $1.41 and is now trading around $1.42. Stellar (XLM) is showing a rebound trend to $0.175 after confirming support near $0.165.

On-chain data and derivatives indicators are both leaning towards an upward trend for both assets. According to CryptoQuant data, whale buy orders have been detected in the spot market for both XRP and XLM, and overall indicators are moving from neutral to positive. This is interpreted as an early phase where a buying base is forming without market overheating.

A positive trend is also confirmed in the derivatives market. According to CoinGlass, the funding rates based on open interest for XRP and XLM have both entered the positive territory, at 0.0003% and 0.0032% respectively. This indicates that long positions outweigh short positions, and upward price expectations are forming.

Technically, XRP shows a gentle upward momentum, maintaining an Relative Strength Index (RSI) of approximately 55 and a positive Moving Average Convergence Divergence (MACD) range. However, significant overhead resistance remains, including the 100-day EMA at $1.54 and the 200-day EMA at $1.78. Conversely, if $1.41 is broken, there is a possibility of a correction down to $1.30.

XLM is also maintaining a stable trend above its 50-day EMA, with an RSI of approximately 59 and a positive MACD, indicating sustained buying pressure. Key resistances are identified at $0.179, $0.201, and $0.215, while key support levels are presented at $0.165 and $0.153. The market analysis suggests that both assets have established a short-term rebound base, but whether a trend reversal occurs depends on additional trading volume and the ability to break above resistance levels.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*