Ripple (XRPUSD) holds onto 0.2290 but doubts remain

Since the last update here on the progress of Ripple (XRPUSD); it has managed to hold above the noted support level at 0.2290. The level has remained intact despite a number of attempts to break below it. However, the rebounds so far have not been impressive or conclusive as 0.2350 has capped the topside, both yesterday and so far today. Hence, the potential for stops to lie in wait below 0.2290 remains live. All the while the price cannot reclaim levels above 0.2350 on a sustained basis, then that downside risk will remain elevated as indeed it is right now. There is no doubt that the longer term outlook remains positive as noted here before, but the current trend change to the downside cannot be ignored. XRP/USD is just now trading at 0.2317