XRPUSD struggling for traction following sharp sell off yesterday

Yesterday morning an update sent out here covering the stellar rise unfolding in Ripple (XRPUSD). That was also accompanied by a warning concerning the critical nature of its then current overbought position. It was noted; that whilst the coin had risen over 200% to a new 2021 (reaching $1.96 yesterday morning) in recent days, its RSI was unsustainable at the then 92 level. Well, that fact must have played a part in the near $40 sell off that then took place as the price fell back to around $1.57. It did rebound back to around $1.84 again, but it is slipping back a little more so far this morning. The move lower has taken the price back to just below $1.70 right now and it has certainly helped to correct the immediate overbought short term position. That does not rule out further downside in the short term though, and it has not detracted from the longer term trend either