Ripple consolidates following massive move this week

Yesterday Ripple (XRPUSD) lifted to as high as 0.7825. That was a stunning gain as noted here in reports. Since then the price has fallen back a little. Well, by normal standards that fall back would be quite a move, but in the context of the recent gains it is hardly a surprise. In percentage terms, given the much higher levels it is not that great either. Ripple fell back to as low as 0.5675 yesterday before it shot higher again, but this time the rally stalled around 0.75 yesterday evening. That is clearly a lower interim high and that probably set up another drop earlier today when the price fell back to around 0.6145. Since then it has rebounded again, but it is yet to lift above 0.70 today. If it does not, then there is a risk that the series of lower highs might lead it lower again, as further consolidation of the recent explosive move delivers more profit taking. XRPUSD is currently trading at 0.6785