Crypto market update: XRP leads declines on Friday
XRP fell 3.25% over 24 hours as of Oct 16, 20:00 UTC; Bitcoin, Ether and Solana also declined, according to CoinGecko.
Where prices stand
CoinGecko shows XRP fell 3.25% to $1.3000, the biggest move; Solana fell 2.22% to $103.48; Ether fell 1.61% to $2,411.05; and Bitcoin fell 0.93% to $81,509.00 — all moves are over 24 hours. Five-session changes from CoinGecko show Solana down 4.47%, Ether down 2.66%, Bitcoin down 1.16% and XRP down 1.02%. As of Oct 16, 20:00 UTC the tracked crypto instruments were lower across the board.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| Bitcoin | $81,509.00 | -1.16% | -0.93% | Oct 16, 20:00 UTC | CoinGecko |
| Ether | $2,411.05 | -2.66% | -1.61% | Oct 16, 20:00 UTC | CoinGecko |
| Solana | $103.48 | -4.47% | -2.22% | Oct 16, 20:00 UTC | CoinGecko |
| XRP | $1.3000 | -1.02% | -3.25% | Oct 16, 20:00 UTC | CoinGecko |
Trend check
MarketAlleys shows all four instruments with neutral status and supplies RSI(14) and moving-average references. Bitcoin: RSI(14) 46.7, close 81603.65, 50-day SMA 81165.89 and long SMA 72197.52. Ether: RSI(14) 37.7, close 2419.69, 50-day SMA 2555.50 and long SMA 2140.30; Solana: RSI(14) 37.6, close 104.19, 50-day SMA 109.39 and long SMA 87.14; XRP: RSI(14) 41.6, close 1.3651, 50-day SMA 1.4253 and long SMA 1.2801.
| Instrument | Close | SMA50 | Long SMA | RSI(14) | Trend status |
|---|---|---|---|---|---|
| Bitcoin | 81,603.65 | 81,165.89 | 72,197.52 | 46.7 | neutral |
| Ether | 2,419.69 | 2,555.50 | 2,140.30 | 37.7 | neutral |
| Solana | 104.19 | 109.39 | 87.14 | 37.6 | neutral |
| XRP | 1.3651 | 1.4253 | 1.2801 | 41.6 | neutral |
Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 15, 22:40 UTC); it is not a recommendation.
In the news
Cointelegraph reported that at least two industry-aligned PACs have poured more than $52 million into opposing Sherrod Brown’s return to the Senate. Cointelegraph reported Borderless.xyz data shows stablecoin remittances cost 84% less than traditional transfers and settle faster for cross-border business payments. Cointelegraph reported Bitcoin held above $80,000 as South Korean tech stocks recovered and traders lowered their expectations for a Federal Reserve interest-rate hike.
- Crypto PACs escalate spending against Sherrod Brown in Ohio Senate race — Cointelegraph, Oct 16, 17:30 UTC
- Stablecoin remittances cost 84% less than traditional transfers, report finds — Cointelegraph, Oct 16, 17:21 UTC
- Crypto Biz: Wall Street closes at 4. Tokenized stocks keep trading — Cointelegraph, Oct 16, 15:52 UTC
- Bitcoin price steadies around $82K after Fed’s Warsh avoids rate-hike hints — Cointelegraph, Oct 16, 15:45 UTC
Sources and data
- Cointelegraph (secondary source) — Crypto PACs escalate spending against Sherrod Brown in Ohio Senate race
- Finnhub (market data) — market data
- CoinGecko (market data) — market data
Market data as of Oct 16, 20:00 UTC; report generated Oct 16, 20:00 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Relative Strength Index (RSI)
A momentum oscillator, developed by J.
Moving average
The average price over a rolling window, plotted to smooth out noise.
MACD
A trend and momentum indicator calculated as the 12-period exponential moving average minus the 26-period EMA, plotted with a 9-period EMA of that difference as the signal line.
Stablecoin
A token designed to hold a steady value, usually one US dollar.
Sources & data
- Cointelegraph (secondary, retrieved Oct 16, 2026, 08:02 PM UTC)
- Finnhub (market-data, retrieved Oct 16, 2026, 08:02 PM UTC)
- CoinGecko (market-data, retrieved Oct 16, 2026, 08:02 PM UTC)
Market data as of Oct 16, 2026, 08:00 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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