Yesterday Ripple (XRPUSD) did rebound from an earlier Asian session low at 0.6150, to back above 0.70. The high posted was right at the time of the 4pm London FX fix and was at 0.7220. However, since then it has been a different story. The price fell back in later evening US trade, dropping below 0.60. That move has been extended earlier this morning as the price falls further, to as low as 0.5250. Clearly the current move lower, as with many of its peers today, is corrective and probably all due to profit taking. Naturally, a good deal of that profit taking is probably not voluntary, but that is irrelevant in the grand scheme of things. The move lower is yet to be corrected by much and the risk of further corrective downside is surely still high at the moment. XRPUSD is now trading at 0.5560