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.
That news could make the people buy or it could not. What I am saying is that the news could already be priced in with the value of XPR. Or maybe the news will not really matter. We have seen them announce a lot of things from series A funding to partnerships with banks and still the price of XRP went down.
For intelligent discussions I cannot suggest anything. But this place is surely not good for it.