Ripple still licking its wounds

Yesterday, Ripple (XRPUSD) initially extended its meteoric weekend rise. As noted here at the time time, the price shot another 25% following an earlier update on its progress. It was also noted that it could extend that gain if it could surpass the previous 0.7825 high. Well, it did not achieve that as it peaked at 0.7547 yesterday. Of course the whole rebound from last week was largely predicated on another of those highly dubious Reddit inspired pumps anyway. Following the subsequent collapse of more than 45% later yesterday, it was noted here; that it was pretty obvious then, that the whole move had been contrived to suck those players in and offer a very attractive exit for some who had previously been stranded long on this coin. The subsequent fall back has continued today and so far the price has been unable to recover the mauling it received yesterday. XRPUSD has traded in a range so far covered by 0.3409 to 0.3987. It is currently trading at 0.3620