Crypto Price Prediction Today, October 20 – Xrp, Pi Coin, Ethereum

What Happened

It has the prospect of the launch of over ten XRP ETFs to look forwards to, while the ongoing growth of Ripple’s business will continue to boost demand and bullishness for the token.

If XRP can manage to break through the $2.80-$3 resistance level in the next few weeks, we could see it launch a concerted climb towards $3.50 by the end of November.

And from there, the launch of XRP ETFs could push it up to $5 by the end of the year.

Market Context

The market has rebounded after last week’s bank-related fears, with the crypto price prediction for XRP, Pi Coin and Ethereum much improved within the past 24 hours.

Yet the market has oversold these coins for so long now that they could rebound strongly soon, while one new presale token is showing the potential for a big rally later in the year.

Crypto Price Prediction: XRP ($XRP) – ETFs Will Spark Major Rally from Oversold Position

XRP has risen by 6% in the past 24 hours, yet its current price of $2.46 marks a 6.5% loss in a week and an 18% decline in a month.

And once the wider market regains a more positive outlook, we can expect XRP to retain its status as one of crypto’s best performers.

Crypto Price Prediction: Pi Network ($PI) – PI Continues Worrying Slide As Exchange Neglect Continues

Worse still, the Pi Coin price is 93% down from its all-time high of $2.99, which it recorded back on February 26.

Crypto Price Prediction: Ethereum ($ETH) – Altcoin Aims for New Record Highs Amid L1 Dominance and Strategic Reserves

Why It Matters

Its chart today reflects its weakness, with its indicators having been in consistently oversold positions since the middle of May.

As such, it’s not going to go anywhere unless it overcomes these perceptions and attracts some big exchange listings, which could see it recover to $1 and beyond in the medium- and long-term.

Details

These three coins have recorded solid gains today, although they remain down for the week, having suffered as a result of weak sentiment.

Despite these falls, XRP remains strong in the longer term, having booked a 350% increase in the past year, making it one of the best-performing top-100 coins over this period.

Its chart today shows that it’s beginning to recover from the oversold position it has been in since late July.

Its relative strength index (yellow) has bounced up from 30 and looks strong enough to reach 50 and beyond, while its MACD (orange, blue) also appears to have bottomed out.

Having managed a modest 1% gain today, PI is still wavering at the $0.2074 level, which amounts to a 5% loss in a week and a 41% decline in a month.

The altcoin has consistently fallen since reaching this record high, and there’s really no strong indication or evidence that it’s ever going to recover fully.

Its community has rolled out a number of improvements and initiatives, including a Linux version of its node, an app studio, and a $100 venture fund.

However, none of these developments have made a difference to PI’s momentum, which continues to wane.

And there’s no obvious technical indication that things will improve soon, since a fundamentally sound asset would have rebounded by now.

But unfortunately for PI, it has always faced suspicion that it was a large-scale Ponzi scheme, with major exchanges such as Binance, Coinbase and Kraken refusing to list it.

Ethereum has managed to regain the $4,000 level, putting up by 3% in the past 24 hours, even if it remains down by 11% in the last 14 days.