The article states "US$55 million from banks and major financial establishments" and therefore, Ripple is becoming more widely acceptable and the basis for the surge. Ofcourse when there is a good news more people will buy and the price rise.
Which is the right place for intelligent speculation ?
@pisceanuk. If you are into intelligent speculation then you would know that link you posted is now useless because that is already priced in with the current value of XRP. Also look at how it has risen, European Central Bank is right. There is nothing intelligent about it, it is a clear pump plus some panic buyers who are afraid to be left behind.
Secondly if you want real intelligent speculation then this is not the right place for it.