XRP price prediction: the 100-day average crosses the 200-day average, 6.05 billion XRP move onto exchanges: what matters now

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.Our reading: on October 21 XRP's 100-day moving average rose above its 200-day average, the first time in our measurable series since May 11. Over the same stretch exchanges took in 6.05 billion XRP, and the two numbers point in different directions.Here is what is documented: XRP's 100-day moving average sat 0.09 percent below the 200-day average on October 20 and 0.10 percent above it on October 21. On Friday morning the gap is 0.49 percent and the price stands at around $1.32. Our own reading follows further down: the crossover comes out of the calendar, not out of fresh demand, and reading it as a buy signal mistakes an arithmetic mechanism for a market. This piece shows both sides with numbers, names the levels that follow from them, and says what an investor in Germany can do with it today. The 100-day average crossed the 200-day average on October 21 A moving average is the mean of the daily closing prices over a fixed number of days. The 100-day average therefore average...