XRPUSD falls back from rebound above $1

Since the last update here on the progress of Ripple (XRPUSD) the leading alt coin has managed to climb back above $1. The coin fell to as low as $0.6518 on Sunday. It could not quite scale levels above $1 yesterday, but earlier today it did get above that level, to as high as $1.0592 at the start of the Asian session today. Since then though, it has been struggling to hold onto that gain. A second attempt to make further progress earlier this morning has run into further selling and that has pushed it back towards 0.90 just now. Of course the move lower in XRP is not unique to the coin as the likes of BTC and Ether have both fallen back in recent trading too. The next technical support level for XRP is now at 0.9043 and if that does not cap this downside run, then the next level after that is at 0.8561. The price has actually just slipped below any support at the 100 day moving average. That is currently in place at 0.9276 and XRPUSD is currently trading at 0.9110