Cryptocurrencies Price Prediction: PI, Ripple & Crypto – European Wrap 19 October

Pi Network Price Forecast: Weak momentum and waning demand reinforce downside bias

Pi Network (PI) edges lower on Monday, risking a bearish conclusion to its short-term consolidation above the $0.0774 horizontal support. A steady decline in the notional value of active PI futures contracts and the weekly spot trading volume suggests reduced retail demand. The PI token risks a retest of its record low around $0.0704 as bearish momentum remains dominant on the daily chart. 

Ripple Price Forecast: XRP recovery runs into headwinds amid fading retail and institutional interest

Ripple (XRP) holds slightly above $1.30 on Monday, with short-term recovery prospects fading. Strong structural resistance toward $1.40 continues to cap upside, raising the risk of further downside below $1.30.

Appetite for digital assets, as in recent weeks, has taken a back seat, as reflected in the crypto Fear & Greed Index at 59 in the Greed territory, up from 53 in the Neutral range the previous day. Broadly, the index has declined from last month’s 71 average, undermining investor risk-on sentiment.

Crypto Today: Bitcoin, Ethereum, XRP extend recovery despite ETFs outflows

Cryptocurrencies are broadly and gradually recovering on Monday, with Bitcoin (BTC) gaining ground above $82,000. The largest crypto by market capitalization recently tapped robust support near $82,000, prompting buy-the-dip opportunities and a renewed recovery outlook.