Current chart is showing similar patterns with that on December 22, 2017. XRP responded at that time with a short bump to near all time chart highs and then a long period of consolidation. Depending on how the crypto market responds to increase trading volumes that should come with the ring in of the New Year, and subsequent end of holiday periods, I think that the consolidation period would be shorter than the previous pattern showed. After typical consolidation periods and the news that is expected to come out in early 2018, I'd imagine that XRP would again challenge chart highs and new territory on the upside.
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Happy New Year everyone! If you look at the current consolidation that is happening on the chart as of mid-day January 1, XRP is shaping up for another run at $2.50...with $2.20 being the next consolidation price. This, of course, is a subject no news either good or bad being released and relying strictly on patterns and buy cycles. People will start coming back from holiday travel and start placing their 2018 money into both BTC and altcoins, the primary one being XRP. Can XRP still be called an alt coin? ;)