Ripple rebounds from drop towards $1.05

Yesterday Ripple (XRPUSD) was unable to escape the sell off that unfolded in its leading counterparts. So, as both BTC and Ether dropped further on the session, XRP also fell back and that drop later extended to as low as 1.0525. In the process of doing that it did of course briefly fall below the noted 1.0659 level, but in truth it was not down there for more than a fleeting moment. Besides, it has rebounded since that earlier Asian low. The rebound has taken it back above 1.14 earlier, but it is corrective to the deeper move and therefore not conclusive at this stage and not dynamic enough yet either to suggest another drop might be ruled out. Of course Ripple will continue to dance to the tune that is set for it by those leading protagonists too. XRPUSD is currently trading at 1.12