Ripple rebounds back above $1

Yesterday Ripple dropped back below $1 after it had previously met and surpassed an important Fibonacci retracement level at 1.0659. The leading alt coin had spiked to around $1.09, but had then reversed sharply. That reversal led it down to as low as $0.9285 at the start of the Asian session today. However, as the day has progressed so has the rebound for XRP. Now it has not only reclaimed levels above $1 again, but also risen further to as high as $1.05 just now. It remains to be seen if that 1.0659 price area might hold some further resistance or not, and whether it can climb even further, back above $1.09. The current rebound is quite dynamic though and it is one of the best performers in percentage terms amongst the leading coins so far this morning