Ripple breaks below technical support at 0.4860

Following on from an earlier update here on the immediate progress of Ripple (XRPUSD), the price has now fallen below the noted support level at 0.4860. That has led to some downside traction as the move lower extended to around 0.48. The break below 0.4860 probably delivered some short term stops and system based sellers too. That is indeterminable right now, but the risk of the current correction lower has surely been elevated following this move. XRPUSD has now bounced slightly and is currently trading at 0.4835