Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Key Moments

  • XRP and XLM continue to trade under pressure as bearish momentum dominates near-term price action.
  • Derivatives data shows rising short positions, with long-to-short ratios falling below 1 for both assets.
  • Weak funding rates and repeated rejection at resistance levels signal fading bullish strength.

XRP and XLM Under Pressure as Bears Take Control

Ripple (XRP) and Stellar (XLM) are trading lower as bearish momentum builds across both spot and derivatives markets. Price action shows continued weakness, with sellers maintaining control in the short term.

Both assets remain under pressure after failing to sustain recent recovery attempts. Instead, rallies are being met with selling interest, which has capped upside momentum.

Derivatives Data Signals Weak Sentiment

Derivatives indicators confirm a shift toward bearish positioning. Long-to-short ratios for both XRP and XLM have dropped below 1, showing that more traders are betting on downside moves.

In addition, funding rates have weakened. This suggests that long positions are losing conviction while short positions are gaining traction across the market.

As a result, momentum continues to favor sellers in the near term.

Resistance Rejections Add to Downside Pressure

XRP and XLM have both struggled to break above key technical resistance zones. Each rebound attempt has been met with renewed selling pressure.

This repeated rejection pattern signals that bullish momentum is fading. Consequently, the market structure has shifted back in favor of the bears.

Technical Outlook Remains Fragile

Market structure for both tokens remains fragile as price action consolidates near support zones. However, without a clear catalyst, recovery attempts continue to lose strength.

Traders are now watching whether current support levels can hold. A break lower could open the door to deeper downside risk in the short term.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Gold retreats after biggest daily advance in seven weeks as investors weigh Fed taperingGold retreats after biggest daily advance in seven weeks as investors weigh Fed tapering Gold fell on Wednesday, after yesterday it registered the largest daily advance in seven weeks as investors weighed Feds tapering prospects. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest since January […]
  • EUR/USD close to session lows after FOMC decisionEUR/USD close to session lows after FOMC decision The euro traded close to session lows against the US dollar on Thursday, after on Wednesday FOMC left its loose monetary policy without change, while investors turned their attention to the policy statement by the European Central Bank, […]
  • Paramount Group suspends quarterly dividendParamount Group suspends quarterly dividend Paramount Group Inc (NYSE: PGRE) said on Friday that its Board of Directors had suspended the regular quarterly dividend, which would have otherwise been paid on October 15th.In 2024, the company paid three regular quarterly dividends […]
  • Forex Market: EUR/USD trading forecast for MondayForex Market: EUR/USD trading forecast for Monday During Friday’s trading session EUR/USD traded within the range of 1.3812-1.3881 and closed at 1.3869.Fundamental viewEuro zoneConfidence among investors in the Euro zone probably improved during the current month, with the […]
  • General Dynamics awarded $145 million contract by US DoDGeneral Dynamics awarded $145 million contract by US DoD General Dynamics Electric Boat Corp (NYSE: GD) has secured a $145 million cost-plus-fixed-fee modification to previously awarded contract (N00024-19-C-2125) for engineering, technical, design agent and planning yard support for operational […]
  • Copper falls amid stimulus outlook and China dataCopper falls amid stimulus outlook and China data Copper futures plunged to a five-week low on Tuesday as speculations about Feds monetary stimulus direction and weak China economic data weighed on demand for the metal.On the Comex division of the New York Mercantile Exchange, copper […]