Bitcoin surge unable to help Ripple to fresh 2020 highs

The surging price of Bitcoin over the past 24 hours did help many of the lesser coins to make progress. That is more often than not the case anyway as they all hang from the coattails of the lead cryptocurrency most of the time. That was certainly the case for Ripple (XRPUSD). Having said that; it has performed well over the past few days in reclaiming levels above $0.30 as noted here again yesterday. The current 2020 high was reached on February 13 when the price peaked at 0.3396 and since then it has been a long hard road back for Ripple. It tried and failed to reach that high when it peaked at 0.3273 on August 17. This latest attempt saw the price reach as high as 0.3083 earlier this morning, as the Asian markets reopened. However, it has fallen back sharply since as Bitcoin comes off the boil. The price fell really steeply, back below 0.2850 (0.2827 the low), but it is trying to rebound right now and is currently trading at 0.2937. However, it still has another tough journey ahead if it is to test those two earlier 2020 peaks noted a second ago.