Ripple (XRPUSD) sets double top above 0.64 in weekend trading

On Friday Ripple extended its gains to just above the noted next Fibonacci resistance level, in place at 0.5965. The coin rose to as high as 0.5989 and clearly shied away from a break above 0.60. That then saw a subsequent drop back to towards 0.55, before rising slightly again ahead of the weekend. On Saturday XRP then rose swiftly above 0.60, to as high as 0.6430. That move was then reversed by an even sharper sell off, to as low as 0.5443 later the same day. Earlier today it staged another rebound that led it back to just above 0.64 again. The price reached 0.6420 very early on Sunday morning, but it could not hold that rebound and has fallen back towards 0.56 in afternoon trading. So, there is now a clear double top in place just above 0.64. That is likely to provide at least some resistance if another rebound does unfold. However, just above 0.64, at 0.6569 is the final important Fibonacci resistance level too. More on Ripple tomorrow, but as at 5.15pm GMT on Sunday the price is currently trading at 0.5930