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PI, Ripple & Crypto – European Wrap 19 October

PI, Ripple & Crypto – European Wrap 19 October

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. 

Chart

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…

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