Crypto Outlook for the Week: Ether and XRP on the 50-Day Line

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The US inflation data lands on Wednesday, and the cabinet is due to discuss the crypto tax bill the same day. We analysed the prices of Bitcoin, Ether, XRP and Solana: where the averages sit, which levels count this week, and what to check before Wednesday.The new crypto week has a clear centre of gravity: on Wednesday, October 14, the US publishes the consumer price index for September at 8:30 a.m. in Washington, and on the same day the German federal cabinet is due to take up the crypto tax bill in Berlin. Bitcoin enters the week at $82,922, Ether at $2,504, XRP at $1.40 and Solana at $109.91, according to CoinGecko early on Sunday morning. For this outlook we analysed the daily prices of the past twelve months. The most striking result: Ether and XRP sit almost exactly on their 50-day moving averages, the line at which the direction will be decided over the coming days. Why Wednesday counts for all four coins In the minutes of its September meeting, the US Federal Reserve let...