Ripple (XRPUSD) rebound comes unstuck

Yesterday the rebound in Ripple (XRPUSD) ran out of steam. The price tried several times and failed this week to reclaim the 0.25 handle. The subsequent drop back yesterday was led lower by a similar price failure in some of the major coins and seemingly driven by a fall below 10,600 in Bitcoin. However, in truth the leading alt coin was ahead of that move and to some extent may have helped to deliver it. The move back below 0.2375 yesterday afternoon tripped stops on its way to a session low around 0.2340. Earlier today the price did bounce, but since the Trump/coronavirus news broke it has fallen to fresh lows, reaching 0.2315 a short while ago. Clearly this is raising the potential for Ripple to drop below the previous support level at 0.2290 and under the current circumstances a further fall cannot be ruled out. XRPUSD is just now trading at 0.2330