Ripple has another look at $0.70

The gains this weekend for both BTC and Ether have helped lesser coins to enjoy a better weekend too. That has seen Ripple rebound above $0.6675 which was a level it could not surpass on Friday. However, it did manage to rise above that price point on Saturday and then extend the gain earlier today as it touched $0.70 once again. The high set earlier today was at 0.7010. However, it did not stay up there for long and it has since retreated back below 0.69. The move higher this weekend also fell well short of any significant technical levels that were mentioned here last Friday. That especially concerns the 200 day moving average (right now at 0.7323) and also the 21 day moving average (right now at 0.7085). The technically negative set up is still weighing on this one and its probably right to conclude; that at this moment in time, it has only revisited $0.70 because of the rebounds seen in those two lead coins. All the while the price is below that 200 Day moving average, then a longer term rebound will remain in doubt. In the short term that 0.6675 level is clearly now a support point to take note of too. XRPUSD is just now trading at 0.6917