XRPUSD is squeezing the weak longs

The breakdown of the XRPUSD from the big speculative top formation is readily apparent from the chart.
The market is driving towards the weak long holders' stop order pool to wash out weak longs. Until those trapped weak longs are washed out, we are not going to see price rallying above 2.4 dollar mark.
What I am looking for is a accumulation pattern below 1.4 dollar before switching my bias to the long side.