Maybe- maybe not.
However- I will state that the move concluding the amazing growth we saw in December & January has come to an end. The trends of red sentiment on my chart have all been broken, and we are moving sideways for the foreseeable future, with indications that there will be a slightly reponse. The smaller light blue trend of activity is encouraging, particularly considering the SlowK is oversold and bouncing off the 50ma on this 2hr chart.
If we were to fail the light blue support due to lack of (conceivable, as on the major buy starts at 1.20), the next line of support can be found with the dark blue support created near the beginning of the move in December, and has been very reliable. I don't see us dipping below this in the near future, if ever again.
These blue supports should at least provide some level of confidence, and buoy us until there are consistent days in the green to kickstart the next .
This all goes away when you can easily (with volume) buy XRP with USD.
Fundamentally speaking, when there are many options for consumers to buy XRP with cash, demand will inflate and price will go up.