Ripple slips back towards $0.60 again

The price action in Ripple (XRPUSD) has been relatively contained over the weekend. That is relative to its peers and most notably Bitcoin. Ripple based out at 0.4575 on Thursday. It then recovered above 0.60 into the weekend. Since then it has not been able to rebound back above 0.65. setting an interim double top in place at 0.6487 and 0.6467 respectively. However, it has also set in place an interim double bottom too over the weekend. That is in place at 0.5876 and 0.5852. The price is now falling back below 0.6100 having earlier failed to rise above 0.63 in trading so far this morning. So, the immediate lines of demarcation look set as outlined here and in remains to be seen which side will crack first in order to deliver a potential breaking move. Right now the downside looks the most likely of the two as the price is currently falling quite sharply. XRPUSD is currently trading at 0.6120