Ripple still unable to make progress

Yesterday for most of the day, Ripple was stuck in a trading range covered by 0.3740 to 0.3970. However, it did manage to make a break higher. The price spiked rapidly, right on the 4pm London FX fix. It rose to as high as 0.4189, but unsurprisingly the move was very soon over and the price slipped back below 0.40 again. Today that level has capped the topside so far. The range set have been covered by 0.3807 to 0.3995. The simple truth on this one; is that it has been seemingly, terminally damaged by the near 50% drop it suffered on Monday. The opinion here remains that the Reddit induced pump was clearly based on fake news that obviously helped someone out of a huge hole. Surely some will deny that, but that was the inference suggested here earlier this week and unless anyone can give good reason to detract from that view, then it remains in place here. XRPUSD is currently trading at 0.3930 and garnering no assistance whatsoever from the likes of Bitcoin and Ether once again today