Is Ethereum or XRP The Better Altcoin Buy For October?

Ethereum and XRP are ranked #2 and #3, respectively, among cryptocurrencies by market cap or the combined weight of their ￰0￱ Tuesday, Sept. 23, Ethereum’s total market capitalization clocked in at USD $506 billion. Meanwhile, Ripple Labs’ XRP tokens balanced markets at $172 ￰1￱ comparison, the world’s #1-ranked cryptocurrency by market cap was Bitcoin, clocking $2.25 ￰2￱ ￰3￱ Tokens: ￰4￱ Cap But even more interestingly, if Ethereum were a US corporation, it would rank #2,0 ahead of Exxon Mobil and right behind Netflix. That’s according to data from CompaniesMarketCap retrieved on Tuesday, ￰5￱ outranked by market cap Bank of America (#27, $387 billion), Industrial and Commercial Bank of China (#31, $342 billion), and Wells Fargo (#41, $271 billion).

On the other hand, XRP outweighed BlackRock stocks (#98, $177 billion), SoftBank (#99, $177 billion), and Charles Schwab (#103, $171 billion). Technicals: ETH ￰6￱ Moving Averages (9/23)? The price moving average for ETH and XRP is a tool that returns the average daily price for a trailing period of days, such as 10, 20, 30, 50, 100, and 200. TradingView’s moving average trade recommendation tool regards today’s average spot price of a currency on crypto exchanges as a leading ￰7￱ when it is greater than today’s moving average value, the tool recommends, “Buy.” When it is lower, the tool recommends ￰8￱ Tuesday, Sept. 23, the 20 — 200-day MAs for Ethereum were all below the day’s average trading price, returning a “Buy” ￰9￱ comparison, XRP showed some cracks in its wall of “Buy” recommendations for the 20-day Exponential MA, 50-day Simple MA, and recency-weighted 9-day “Hull” ￰10￱ these values above XRP’s price on Tuesday, it appears from a glance at TradingView that the market may be pivoting to a ￰11￱ said, both cryptocurrencies went through a considerable correction on Monday morning, September 22nd, when the entire market crashed and liquidated more than $1.5 billion worth of leveraged ￰12￱ ￰13￱ XRP ETFs?

The home stretch of September will be an interesting time for altcoin exchange-traded funds (ETFs) sold by US government SEC-regulated Wall Street ￰14￱ has seen ETF inflows pick up dramatically during the month, but sustained massive losses in the first half of it, according to data posted by Farside ￰15￱ XRP rallied over September on the way to a Sept. 18 debut of the first XRP ETF, markets pivoted that day to mark it a “sell the news” event. Also, some traders may have dumped spot XRP for ￰16￱ prices did the same and corrected steeply from Ethereum’s ETF debut on July 23, 2024, until Sept. 6, ￰17￱ XRP respondс to its new ETFs the way the Ether ETF cycle did, then it could slump well into ￰18￱ Ether ETF buyers remain bullish, that would give the cryptocurrency the advantage.