Ripple (XRPUSD) trades sideways in Asia today

Yesterday it was noted here; that the rise above 0.4987 and 0.50 in Ripple looked largely driven by technical factors. In that respect it was also noted that the price had stalled at 0.5419 which was just ahead of the next resistance level, in place at 0.5475. That price point represented a 50% retracement target of the move from 0.7547 to the low at 0.3404. Well, subsequent to that update the price fell back to as low as 0.4512 which in percentage terms is almost 20%. It did rebound almost as quickly, but it has not made any further progress so far today. In fact, it has traded sideways for the whole Asian session, in between 0.50 and 0.52 for the most part. Obviously the 0.5475 retracement target had continued to cap the rebound and the current price action is not providing many clues as to whether that will continue. XRPUSD is currently trading at 0.5150