Ripple (XRPUSD) drops back after nailing important retracement objective

For some time now Quick news has been highlighting a move back above $1.30 in Ripple (XRPUSD) to potentially reach an important retracement objective at just above 1.40. That was to be exact at 1.4091 and represented a 61.8% recovery of the move down, from the 2021 high at 1.9648 to the low at 0.5103. Well, guess what? Yes, it has now reached that price point in trading yesterday. The high recorded was set at just above this level. Now, depending on which pricing venue you look at; that high was variable, but certainly above $1.4150. The subsequent drop back today has now seen the price fall below $1.30. So, now that this retracement objective has been reached, where to now? Well, that is a tricky one because arguably, as this is still a corrective move, the whole recovery could now reverse back again, but it surely too early to cast a judgement on that today. Meantime, XRPUSD is currently trading at $1.2850