Wow! What a show! XRP blew out the top of the channel (as mentioned 12/26) with on its way $2.47. Steeper channel formation in progress (old trendchannel is now in grey, new in green). We appear to be in a low range trading/consol pattern now (pretty wide range). This will change after the holidays once on exchanges picks up.Lower green needs another touch to be considered a true . The fact that I had to redraw to a steeper trendchannel has me pondering whether the trend is turning parabolic.
On a non-technical note... most of the larger exchanges still have not verified all the new account requests from a month ago (when XRP/USD was in the .20's). The masses of new entrants are having a very hard time getting access to even start buying. I don't think this bull is over yet, but if we do have a selloff, support lines are the blue hashed lines on the chart.
Have a happy new year!