Ripple on the rebound so far today

Yesterday Ripple (XRPUSD) did not make any progress, in fact it was the opposite as the leading alt coin slipped back as the day unfolded. That eventually led it to dip below $1.15 ahead of the wider US market close. A minor rebound back above $1.20 earlier today during the Asian session soon gave way to another drop and that resulted in a session low at 1.1233. However, and since then XRP has been on the rebound once again. Now it has lifted back above $1.20 and is trying to extend that gain beyond $1.22 as this update is being written. All the while the price remains elevated above 1.0659 there is potential for it to try for the next longer term retracement level. As noted here yesterday; that is in place at $1.4092. XRPUSD is currently trading at 1.2160