Ripple (XRPUSD) edges back from weekend highs

The Cryptocurrencies are trading as usual this weekend and that has seen some extended price action unfold in one of two of the lesser coins. The standout mover thus far ahead of the Asian opening later this evening has been seen in Ripple (XRPUSD). For most of last week the leading Alt coin simply refused to make any progress even as Bitcoin reclaimed 16k for the first time this year. However, Ripple did eventually make some progress last Friday as the price lifted back above 0.26 after spending most of the earlier part of the week languishing near, or below 0.25. Ripple had managed to progress back above 0.2650 ahead of the wider US close on Friday evening. Earlier in the week it had traded to as low as 0.2458. That rebound has been further added to this weekend as the price lifts above 0.2750. That means it has now met and surpassed a 50% retracement level (0.2735) of the whole move, from 0.3273, to the recent interim low at 0.2196. The next technical resistance level is now at 0.2862. It remains to be seen if now defines an end to the current rebound or there is more upside to come. Indeed, XRPUSD is just now falling back below 0.27 again ahead of the Asian opening. It is currently trading around 0.2675