Medium Term Short Idea (Jan 12th through May 2021)
Ripple (XRP)/USD rate (January 12th 2021 through May 2021)
Low: $0.11-$0.15
High: $0.51-$0.57
I have also posted a shorter time frame forecast in related below:
Orange box is my weekly Cindicator forecast.
I'm going to copy and paste what I posted in the quicker idea here:
So I was looking at Ripple again for Cindicator forecasting last night since we had the big 70-90 cent pump in November, and I do think now that the dust has settled a little since the SEC lawsuit announcement, there are still some quick opportunities in here. But its still a gamble with the massive de-listing on various exchanges in that aspect alone. Err on the side of caution with this one right now.
11 to 15/16 cents is a decent range for a bearish reaction to come about if the 57 cent target ends up being just an upwards retrace since the December XRP crash.
I was originally only thinking 51 cents could be our upper limit but Scott at TCL provided some guidance that 57 could very well be possible too.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Low: $0.11-$0.15
High: $0.51-$0.57
I have also posted a shorter time frame forecast in related below:
Orange box is my weekly Cindicator forecast.
I'm going to copy and paste what I posted in the quicker idea here:
So I was looking at Ripple again for Cindicator forecasting last night since we had the big 70-90 cent pump in November, and I do think now that the dust has settled a little since the SEC lawsuit announcement, there are still some quick opportunities in here. But its still a gamble with the massive de-listing on various exchanges in that aspect alone. Err on the side of caution with this one right now.
11 to 15/16 cents is a decent range for a bearish reaction to come about if the 57 cent target ends up being just an upwards retrace since the December XRP crash.
I was originally only thinking 51 cents could be our upper limit but Scott at TCL provided some guidance that 57 could very well be possible too.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
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