XRP and XLM weaken as derivatives positioning turns cautious
- —XRP trades at $1.4996, XLM at $0.214
- —Long-to-short ratio: 0.85 for XRP, 0.96 for XLM
- —XRP funding rate positive at 0.0097%, XLM negative at -0.0056%
- —XRP holds above 50/100/200 EMAs clustered at $1.330–1.400
Why it matters: Weakening derivatives metrics and sell-side dominance in futures could deepen the correction in XRP and XLM.
Source: FXStreet Crypto