Ripple attempts to base build below 0.2650 today

Following an update here yesterday on the progress of Ripple (XRPUSD), after it tried again to rebound. Once again it had stalled at 0.2850 and was already tracking lower when the update was sent out here. Since then it has drifted back below 0.27 again and so far today it has tried a few times to sustain a break below 0.2650. The low seen so far has been set at 0.2633. There is now a series of immediate minor bottoms in place between 0.2633 and 0.2640. It has since rebounded back to 0.2680, but that rebound is by no means conclusive to any further sustainable upside. Only a break above the 200 day moving average would tend to endorse that prospect. That moving average is currently in place at 0.2896 and might help to explain the series of current price failures ahead of that level in recent days. In the absence of any recovery above 0.2896, the overall risk remains to the downside, unless there is some fresh positive news on the SEC legal action. XRPUSD is currently trading at 0.2658