Ripple (XRPUSD) now crumbles 45% from earlier high

Earlier today the price of Ripple (XRPUSD) rose above a noted resistance level at 0.6812. It then went on to reach to as high as 0.7547. At that point it has already risen more than 25% from where it was when an earlier update was sent out here. Well, quite astonishingly the price has now collapsed. It has fallen back to as low as 0.3997 a short while ago. That is a drop from the high to the low of more than 45%. There is no discernible catalyst for the drop other than to suggest the rise has afforded someone holding a lot of XRP to exit the trade for a significant profit. In doing so it has surely stranded a lot of the pump players in the process. In truth the whole rise was baseless really anyway, but that is the crypto market most of the time anyway. The price has just lifted slightly from that earlier low, but a good deal of damage must have been inflicted over the past couple of hours. XRPUSD is currently trading at 0.4325 with more extremely rapid and volatile price action likely to continue. Extreme caution should now be exercised for that reason alone