XRPUSD makes further progress today

Yesterday, the rise above the 100 day moving average for Ripple (XRPUSD) allowed the leading alt coin to make a recovery back above $1 as was observed here at the time. However, for the rest of the day it was unable to build on that gain, but that has not been the case today. Earlier during the Asian session, the price rose steeply above $1.07, to as high as $1.0998. The break above 1.07 surely incited some fresh buying but it did not last and the price fell back below 1.05 again. However, that interim relapse should not detract from further upside potential that might unfold again as the day progresses. The immediate outlook here remains positive and that could allow for some further upside as the week unfolds, provided there is no drop back below the noted 100 day moving average. That is still rising and is in place today at 0.9565. XRPUSD is currently trading at 1.0640