Ripple backs off after nailing outlined objective

Yesterday the prospect of further gains for Ripple (XRPUSD) was repeated here once again. The outlook had identified a potential retracement objective for the leading alt coin above $1. To be exact that outlined level was at $1.0659 and at the time the price was still holding below $0.90. Well as the session progressed yesterday the price continued to make progress and eventually that led it back above $1 and also to reach that objective. In fact, it went beyond that price point, trading at as high as 1.09 late last night in the states. It has backed off from there today and has since fallen back below $1 again. So where to next? Well, that is going to be looked at long and hard here today and a further update will follow later on. Meantime, it is hoped that the observations (as always) have been in some way helpful to the reader. XRPUSD is currently trading at 0.9875