Ripple (XRPUSD) continues trade sideways

On Friday Ripple (XRPUSD) fell back to as low as 0.2404. The previous day it had stalled above 0.30 twice and that was the catalyst for the further fall. The price managed to recover gradually again ahead of the weekend, rising to as high as 0.2837 very early on Saturday. For the rest of the weekend it traded sideways inside a range covered by 0.2837 to 0.2660. Earlier today it got a slight lift from the fresh records seen in Ether and the further rebound gains for Bitcoin. That helped Ripple to rise to as high as 0.2850 a short while ago, but it appears to have run into selling pressure up there again. Hence it has just now dropped back below 0.28. The story for Ripple is the same this week as it was last week and that is each rally appears to meet with fresh sellers. As noted here last week, it will not matter what the likes of Ether and Bitcoin do all the while the could of SEC legal action continues to weigh on Ripple. It is currently trading at 0.2790