Ripple (XRPUSD) rebound from interim low not yet conclusive

Yesterday, it was noted here on the quick news; that a break below the double bottom, in place at 0.4860 on Ripple (XRPUSD) was likely to deliver more downside. Well, that is exactly what has played out. The price fell back yesterday afternoon, to as low as 0.4660. It then tried to rebound again ahead of the US close but that rebound was capped perfectly by the 0.4860 level again. The subsequent sell off today has seen the price fall to as low as 0.4379 earlier in the Asian session. It has rebounded slightly from there now. It is currently trading around 0.4525. However, there is still potential for the current corrective move to continue on the downside, unless it can recapture and hold above that 0.4860 level. A further update on the progress of Ripple will follow later today