Ripple lower today following another technical failure yesterday

The fall back in both Ether and BTC has not helped Ripple (XRPUSD). Yesterday it was noted that the price had stalled ahead of a key resistance level. That was the 200 day moving average and was in place at 0.7772. The fact that the price had also nailed that price point exactly and subsequently rejected it was not a positive development either. The further attempt to get past that level had also failed when the update here was sent out here, after it topped out around 0.7735. The subsequent move since then and earlier today had it roots in those technical failures and the rest was probably due to the relapse in BTC and Ether. That has helped to push the price of XRP lower again today. It has so far resisted a test of the 0.70 handle, but that is not to rule that out as the day unfolds. XRPUSD has traded to as low as 0.7110 so far and is just now trading at 0.7145