Ripple steady in the middle of a defined range overnight

As noted in an earlier update on the recent progress of Bitcoin, lesser coins are following a similar pattern so far today. That certainly applies to Ripple (XRPUSD). It has continued to trade sideways since yesterday, with seeming resistance at 0.64 defining the top of the range and support at 0.6000 covering the bottom. As also noted this sideways consolidation comes following some really sharp moves in recent days. In the wider sense this is clear evidence that the coin is also consolidating what has been a spectacular rebound over the past couple of weeks. It was always likely that Ripple could not continue to move higher at the rate it was and it would need to correct its heavily overbought position. Well, that is what it appears to be doing right now. XRPUSD is currently trading at 0.6200