Ripple's correction was trading in a downwards channel and was facing major support around 1.6, which if it broke 1.6 would have likely gone lower. Instead, Ripple bounced off support at 1.6 on news of a partnership with Moneygram - and heavy buying started to occur with high volume
. Moreover, XABCD pattern indicates bullish
bias. All coins have sold off on news of South Korea banning exchanges - which the Korean government clarified will likely not go into effect.