As a short target, a return at $0.70 seems reasonable, but in my opinion it isn't fully worth the risk. Ripple will likely be positive if a breakout happens the next few month. However, right now it is mid to high risk as an investment. Even though it is invest-able to some extent to be in a portfolio, there are currently less risky crypto investments to invest in at this time period for better ROI.
I think it's just a mid-risk investment in the crypto-zoo and worth to keep it in portfolio (my personal idea). Could you please better explain your idea and the above indicators from a technical point of view? thanks in advance
gamer456148
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@Caveit, The basis is usually the market resistance, at least definitely high risk as a short calling
Caveit
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@gamer456148, ok I agree with your general view, but today it seems every crypto has been beaten hard ... high volatility and volumes.
gamer456148
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@Caveit, Yes that is true, the thing that puts Ripple at higher risk though besides correlation, is the SEC conductive report and the Taylor-Copeland Lawsuit going on. If any of those pass, you can expect a steep decrease in price for Ripple. Overall they aren't a bad company or anything like that, but what is going on correlation or SEC-wise wouldn't put it as a non high risk investment as of now.