Ripple (XRPUSD) sees slight rebound after stops tripped below 0.2475

Yesterday, as suggested the drop through 0.2475 for Ripple did trip some stops, but the move lower did not extend below 0.2450 and it has subsequently rebounded again today. However, that rebound is not conclusive this side of 0.26. That level remains an important resistance point that has defined the top of the range most recently. The move higher so far today has taken the price back to around 0.25 a little earlier on so it has not made much headway. The price is just now dipping back underneath 0.25 again and continues to look vulnerable to a further relapse. So, in essence expect some extension or potential price acceleration if the price breaks either side of 0.2450 or 0.26 from now on. Clearly right now the risk would seem to remain on the downside, unless something material changes today. XRPUSD is just now trading at 0.2490