Ripple backs off from rebound above $0.90

Yesterday the rebound in Bitcoin did little to really impact many of the other leading Alt coins. Naturally, many did make some progress, but the gains were not on the same scale as those enjoyed by Bitcoin. That observation surely applies to Ether and it did to Ripple (XRPUSD) too. However, the coin did bounce, from a low point at $0.8313, to as high as 0.9045. A little earlier this morning it made some more progress too, reaching 0.9286 earlier in the Asian session, but it has backed off from there now. It has just dipped back towards 0.88 and clearly it is still meeting with a number of resistance levels this side of $1. The most immediate one of those is the current 21 day moving average. That was just put to the test as the price reached session highs earlier. That moving average is currently in place at 0.9278 and perhaps explains the topside exhaustion earlier. XRPUSD is just now trading at 0.8870