When you consider the fact that we're bumping into a strong upwards trend, I expect Bears to not withstand the buying power that will come into the market over the next week, and a new buying cycle to begin.
When you consider the considerations of "3/5 remittance companies" (and MoneyGram already being named) and "2 unnamed household names that are not FIs" by David Schwartz, we should receive a new bit of fuel to shoot upwards in the near future, perhaps catching up with previously broken Bull trends.
When we start making higher lows on the 15m and Hour chart, and particularly when the MA on the daily shifts , we'll begin a strong move upwards.
Next stop 1.55, possibly 1.17 after that. Disappointing
Rule of thumb for me, when ever i see ripple dipping i watch the CMC.
BTW do you think it will go back to say about 1.80-1.85 area anytime soon?