to leave a comment.
▲ XRP, Stellar (XLM)/AI-generated image
Ripple (XRP) and Stellar (XLM) are showing signals that suggest a potential joint rise across on-chain data, derivatives indicators, and overall technical trends.
According to FXStreet on the 21st (local time), XRP and XLM are forming a positive short-term price structure by testing major resistance zones or maintaining stable trends above support lines. As on-chain activity increases and derivatives market indicators improve, bullish sentiment is expanding simultaneously.
On-chain data shows that large investor movements have been detected in both assets, indicating sustained market participation intensity. This suggests that buying demand is maintained at a certain level despite short-term volatility, and is interpreted as a factor supporting further upward potential.
Bullish signals are also confirmed in the derivatives market. Both XRP and XLM maintain positive funding rates, indicating that demand for long positions is dominant. This means that investor sentiment is generally leaning towards an upward trend.
From a technical perspective, positive trends continue. XRP has broken above its 50-day Exponential Moving Average (EMA) and is trading above that level, forming a short-term rebound structure. The Relative Strength Index (RSI) remains above neutral, and the Moving Average Convergence Divergence (MACD) is also moving in positive territory, signaling upward momentum. However, major resistance zones such as the 100-day and 200-day EMAs and the top of the descending channel are located overhead, requiring a breakthrough of these levels for further gains.
XLM is also continuing its upward trend, bouncing after confirming support near the 50-day EMA. The RSI remains above neutral, and the MACD also shows bullish signals. However, whether it breaks through the overhead resistance zone is identified as a key variable determining future direction.
*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.*
Newsletter
Get key news delivered to your email every morning
to leave a comment.