A good weekend for Ripple

This weekend saw the price of Ripple, in conjunction with other leading Alt coins, stage a decent recovery. That lead Ripple to reclaim levels above 0.25 yesterday. It was only last week when the coin was under renewed pressure and facing another drop below 0.2290. In the event that level just about capped the downside on Friday and that allowed for another rebound to unfold over the weekend. The price lifted to as high as 0.25 yesterday and today that rebound was extended to as high as 0.2540. However, as the session has progressed the price has fallen back below 0.25 again and is struggling just now to reclaim upside momentum. As noted here many times previously, the longer term uptrend is still positive, but headwinds from elsewhere have gotten in the way of progress. Ripple needs to get back above 0.26 to make a more robust recovery, but that level is surely in sight this week. On the downside, a move back below 0.2290 would be a clear sign that the downside risks remain. XRPUSD is just now trading at 0.2475