XRP and XLM test key support as derivatives positioning fades and macro pressure builds
- —XRP at $1.422, down over 6% this week, with support at the 50-day EMA of $1.400
- —XLM at $0.199, down over 9% this week, with EMAs clustered between $0.191 and $0.199
- —Funding rates for XRP and XLM turned negative at -0.0022% and -0.0060%
- —10-year Treasury yield near 5.30%, DXY around $102.24
Why it matters: A break below the EMA supports would open the door to $1.30 for XRP and $0.187 for XLM, while holding these levels keeps a rebound in play.
Source: FXStreet Crypto