Ripple continues to track its leading counterparts

Yesterday Ripple (XRPUSD) did fall further in a move that saw it drop below $0.80, to as low as 0.7850. Earlier on in the day, the potential for a move to test important support at 0.7103 had been highlighted here when the price was trading above 0.85. Of course that important support level was never actually close to being tested, but it was never suggested that would happen as quickly as that. That support level was the 200 day moving average, which is still rising and today it comes into play at 0.7125. The rebound that started later yesterday afternoon has seen the price recover to as high as 0.8865 so far today. The price is tracking both Ether and Bitcoin very closely right now and that is clearly evidenced when one looks at a chart of all three over the past two days. One can soon see almost identical price action across the spectrum. XRPUSD has just lifted from an earlier low at around 0.83, to back above 0.8675 a short while ago. It is currently trading at 0.8555