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Ripple (XRPUSD) back under pressure today

30 Oct, 2020

It has been a while since the progress of Ripple (XRPUSD) has been commented on here in the Quick News. Well, it had looked like Ripple might make some further rebound progress when it lifted from a low last week, close to 0.24, to back above 0.26 ahead of the weekend. However, this week and despite the move higher in Bitcoin, this leading alt coin has not fared so well. In fact, today it has dropped below the lows seen last week, extending the downside move below 0.24, to as low as 0.2310 earlier this morning. That drop is certainly in keeping with relative underperformance elsewhere, most notably in Ether and Monero. The immediate risk now for Ripple; is that it takes out the previous September 23 low at just above 0.22. XRPUSD is just now trading at 0.2340

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