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- XRP extends its correction, trading below $1.480 on Tuesday after three consecutive days of losses since last week.
- XLM faces rejection from the $0.234 resistance level, suggesting a downside move.
- Mixed derivatives positioning and bearish on-chain metrics cap upside for both altcoins.
Ripple (XRP) and Stellar (XLM) remain under pressure on Tuesday as bulls struggle to sustain recent gains. XRP extends its decline below $1.480 after three consecutive losing days, while XLM faces rejection near the $0.234 resistance zone. In addition, mixed derivatives outlook and weakening on-chain metrics suggest that bullish momentum remains fragile, leaving both XRP and XLM vulnerable to further losses.
Mixed derivatives metrics cap upside
Derivatives data shows a mixed and cautious outlook among traders. CoinGlass’ long-to-short ratio for Ripple reads 1.02 on Tuesday. A ratio above one indicates bullish sentiment, as traders bet that asset prices will rise.
Meanwhile, XLM’s ratio read 0.76 on Tuesday, nearing the lowest level over a month. A ratio below one indicates bearish sentiment, as traders bet that asset prices will fall.
In addition, the XRP funding rate flipped positive on September 24, reading 0.0020% on Tuesday. Similarly, the XLM funding rate flipped positive on September 14, reading 0.0083% on Tuesday. These positive rates indicate longs are paying shorts, reflecting a bullish outlook.
On-chain data shows signs of concern
CryptoQuant’s summary data shows caution for both altcoins. XRP’s spot and futures markets show overheating conditions, while the futures market shows sell-side dominance. These highlight a bearish, cautious sentiment bias among Ripple traders.
For XLM, spot shows large whale orders; however, the futures market also shows sell-side dominance and overheating conditions, indicating a negative outlook among Stellar traders.
XRP technical outlook: Faces correction
XRP price trades at $1.469 on Tuesday after three consecutive days of losses since last week. Despite the correction, XRP remains bullish, holding above the 50-day and 200-day exponential moving averages (EMAs) at $1.365 and $1.369, while the 100-day EMA at $1.307 reinforces the broader constructive structure below.
Momentum is more subdued than earlier in the rally, with the Relative Strength Index (RSI) slipping toward a neutral 53 and the Moving Average Convergence Divergence (MACD) indicator flattening around zero, hinting at consolidation rather than a clean continuation impulse.
On the downside, initial support is seen at the nearby structural band formed by the 50-day and 200-day EMAs just above $1.370, followed by the 100-day EMA and horizontal support in the $1.307–$1.300 area. Meanwhile, a deeper pullback would expose the psychological floor at $1.000.
On the topside, XRP faces first resistance at the horizontal level marked around $1.574, and a break above this barrier would likely open the way toward the next key cap near $1.900.
XLM technical outlook: Bulls take a breather
XLM price trades at $0.224 on Tuesday, facing rejection from key resistance at $0.234. However, XLM remains bullish, trading well above the 50-day, 100-day, and 200-day EMAs clustered between roughly $0.187 and $0.193.
The upward-sloping former trendline support, now tracked around $0.182, underpins the broader advance. At the same time, momentum readings remain constructive: the RSI at 62 points to persistent bullish pressure without yet flagging overbought extremes, and the MACD line remains in positive territory, suggesting buying interest is still in control.
On the topside, initial resistance sits at the horizontal barrier near $0.234; a break would open the way to further gains and reinforce the current uptrend.
On the downside, nearest support emerges from the EMA cluster, with the 200-day EMA at $0.190 and the 50-day EMA at $0.192 providing the first technical floors, followed by the 100-day EMA at $0.187 and the former trendline support at $0.182. Deeper pullbacks would expose horizontal supports at $0.177 and $0.142, levels that would need to hold to prevent a broader deterioration of the bullish structure.
