Ripple (XRPUSD) finds support ahead of $0.45

It certainly has been a wild few days for Ripple (XRPUSD) so far this week. On Tuesday the leading Alt coin surged to a reach a new 2 Year high at 0.7825. It should be remembered that two weeks ago this coin was trading under 0.25. The rapid sell off yesterday saw the price fall back to as low as 0.4575. That was certainly a vicious move lower, but as noted here, it was not out of context with how fast the price has risen in recent days. As far as can be determined, the slump yesterday was corrective in nature as it needed to do that, given the speed and trajectory with which it has risen in such a short time. Corrections of this kind of vertical price action are always going to be savage and that is not at all unusual. Today the price has certainly taken on a more stable look as judged by the current price action. The range so far has been set within 0.5175 and 0.5875. XRPUSD is currently still building a base it seems, but it is probably unwise to rule out potential for another sell off to unfold. XRPUSD is currently trading at 0.5585