Ripple (XRPUSD) rebounds towards next significant resistance level

Yesterday Ripple (XRPUSD) was holding below a noted resistance level at 0.5475. Well, later in the session it rose above that level as it traded to as high as 0.57 just ahead of the wider US market close. That was followed by a retracement at the start of the Asian session today. Since then it has lifted further, rising to touch 0.59 a short while ago. The break above 0.5475 (50% retrace of the 0.7547 to 0.3404 move) now opens a move to test the next Fibonacci retracement level that is now very close by. That is the 61.8% level and is in place at 0.5964. As to whether that will cap the topside from now on is not clear, but it will have to reach it first anyway. XRPUSD is trading at its high of the day, currently at 0.5905