The slow grind higher for Ripple (XRPUSD) that was commented on here yesterday, continued earlier this morning as the price made further progress. Ripple rose to as high as 0.2481 as the European markets reopened. However, a very short term double failure around there has led the price lower again since. A few moments ago the price dropped back close to 0.2420, but that level appears to be providing a degree of very short term support. However, and as noted yesterday, Ripple will need to make much more substantial progress if it is to combat the current downdraught. The price is clearly moving lower as other lead coins also struggle to hold gains over the past hour. Most noticeably that is applicable to Bitcoin, which is still struggling to make headway today. In fact, when one overlays a very short term chart of Ripple on top of Bitcoin, the relative price action is currently almost identical. Ergo, where Bitcoin goes, Ripple is likely to be in hot pursuit. XRPUSD is just now trading at 0.2433