What we see is a very clear tradingrange for Ripple.
BTC-futures will be launched on December 18th. My opinion is that we will see more volatity during December, as we have seen last couple days. Besides that, I think that the cryptomarket uptrend will continue.
What we see is that the crypto-market is maturing quicker and quicker. Why would it not be possible, that Ripple, Ethereum and DASH will be launced in the next 6 months? This situation will automatically lead to higher market levels and an even higher volotility, because of short-parties.
Well, because of the , it is very likely that we will see another pullback of Ripple.
Buy: Between $0.202/0.21
Target 1: $0.28
Target 2: $0.385*
*If a day candle closes above $0.30 this target is valid.
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Questions? Just ask and your feedback is welcome.
For the long term, I absolutely see huge upwards potential for Ripple. Based on the current chart, I see $0.70 and $0.80 in 4/5 months. But this is not a very strong analysis. The market is very bullish now, but I realy believe that we are going to see a correction this or next week. This correction will also helps us to see things clearly. After this I'll provide you with a new chart and new targets.
Good luck and thanks for following!
Our medium term targets are $0.49 and if it breaks $0.55. I still hold a small position for long term or if it goes the other way. I'll buy and expand my position around 0.295, or around higer levels if I see new signals. I'll keep you posted and good luck.