Ripple off lows but still capped below 0.50

Yesterday Ripple stalled at exactly 0.50. That top was then followed by a drop towards 0.45 ahead of the wider US market close. Earlier today it managed to rebound back above 0.48 before slipping back below 0.46 and towards 0.45 again. However, that level has capped the downside for the time being and now it is trying to rebound once more. The price action in the grand scheme of things is clearly contained and not at all conclusive one way or the other. Of course a move outside of 0.45 and 0.50 could deliver some short term extension. The slightly longer term chart is really messy too, but holding above the longer term moving averages. The overhang of SEC legal action has of course made this coin a bit of a minefield in recent weeks too. Looking at this aesthetic set up of the chart; that does imply that the downside is still where the real vulnerability remains. XRPUSD is currently trading at exactly 0.4700