Ripple (XRPUSD) makes more progress this afternoon

As noted yesterday evening, the rebound in Ripple (XRPUSD) was gathering pace and looked like it could be headed for a test of the next notable Fibonacci resistance level. That is in place at 0.2862 as was highlighted as a potential, initial target for the current upswing. Well a short while ago Ripple made a move, rising smartly above 0.2750, to as high as 0.2843 so far. Hence, it is now close to making a test of that 0.2862 level. The move higher in Ripple is garnering support from a corresponding move higher in Bitcoin this afternoon as that rises to session highs above 16,440. It is uncertain as to whether or not 0.2862 will continue to cap the current move in Ripple, but it is nonetheless a level to keep on the radar. XRPUSD is just now trading at 0.2825