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Ripple (XRPUSD) struggling to reclaim $1 this morning

27 May, 2021

Yesterday Ripple (XRPUSD) did reclaim the $1 handle and the later move above $1.05 did extend slightly, to around $1.07. However, that rebound was stymied overnight by another relapse in the price of Bitcoin as it dropped back below 38k. It is a little above that now, but not yet convincingly so. The drop back there pushed Ripple back to as low as $0.9350 earlier today. It has rebounded from there since, but so far this morning it is struggling to reclaim levels back above $1. So, all the time that is the case, then there remains a risk that the recent rebound from below 0.90 could unravel once again. XRPUSD is currently trading at 0.9780

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