Ripple (XRPUSD) drops back below 0.50

A short while ago the price of Ripple fell back below 0.50 again. It was noted here over the weekend; that the price was trading inside a clearly defined range covered by 0.4860 on the bottom and 0.5275 on the top. Another attempt to break above 0.5275 failed again earlier today and now the price looks headed for a test of the other end of the immediate range. Clearly there is a risk of some price extension to the downside if the double bottom in place at 0.4860 is surpassed. Of course just how much remains to be seen. Only a move above the resistance at 0.5275 on a sustained basis would tend to remove that risk. XRPUSD is currently trading at 0.4995