XRP continues to recover drop below $0.46

Yesterday, just as with BTC and Ether, Ripple suffered a hefty move lower. The price dropped sharply below 0.50 to as low as 0.4550 at the start of the Asian session. Prior to that Ripple had stalled twice just below 0.60 on Monday and Tuesday. The rebound that set in place yesterday has extended further today as the leading alt coin rises back above 0.55 this morning. It is in fact making fresh session highs right now as it lifts above 0.5565. The move higher is not unique to Ripple though as a similar rally has been seen in many other leading coins too. Although Ripple is higher today, it still faces still technical resistance ahead of that 0.60 level and is also very much prone to any further news from the SEC, be that good or bad. XRPUSD is currently trading at 0.5545