I'm a believer in technical analytics and your work speaks volumes, but the help of those Japanese and Korean banks committing to integrate Ripple made that spike. Without it, Ripple would continue to go downhill. I have a ton of skin in the game and am invested heavily into Ripple, but lets be real here. If you look at the chart from earlier in the year, ripple had a surge just like this and slowly dwindled away until the brink of the recent news.
Ripple to replace Bitcoin in Market capitalization in 2018.