Ripple (XRPUSD) slips to new session low underneath 0.56

As mentioned and suspected here earlier today, Ripple was in danger of breaking down below 0.60 to 0.58 and now that has happened in the past few minutes. The price has just fallen further, breaking below the previous low on the day that had been set at 0.5812. The downside move has now accelerated as expected and the price is dropping back quite rapidly towards 0.55. The move lower this afternoon may find some limited support around 0.55 but that is by no means certain.  If it does not, then 0.50 might cap the current run. The low reached so far has been set 0.5596. XRPUSD is currently trading at 0.5690