Wow, what a run by the cryptocurrency Ripple (XRP/USD). Here's what I know about this whole situation. 1) Ripple is not a true blockchain.2) It is known as a "wallstreet" coin and hated by bitcoin maximilists, because it is NOT decentralized.3) South Koreans pump it. 4) Not implemented in major banks yet, but some are testing it.5) It is now the second largest (market cap) cryptocurrency. Value Proposition: 6) Now, the value proposition is that XRP is much more scalable than BTC. This is true. BTC is not meant as a commercial currency, but rather as a secure store of value, like gold. However, 2018 will be the year of crypto scaling because the "Lightning Network" is being tested and deployed as we speak. The developers claim that this will solve a lot of the scaling issues with bitcoin. Some altcoins like Litecoin will also benefit. Price Action Analysis:7) Ripple recently rallied from under $1 to over $3. This rally coincided with rumors that Coinbase was going to list XRP. However, according to Coindesk.com, Coinbase dispelled those rumors today (1/4/2018): XRP/USD 4H Chart (click to enlarge) 8) The chart shows a very hot rally, one that might need to cool off.9) There might be support around $2.45-$2.50. $2.00 could also be a psychological support.10) I am expecting volatility in the Asian session (because of South Koreans). I think it will fall towards $2.50 and maybe even $2.00.