XRP was the first of the major cryptos to rally after the recent selloff, after also leading the way lower. It has now reversed sharply just short of diagonal resistance. If there is no follow through on the reversal, and instead we see consolidation, we may see the rest of the market reversing losses. On the other hand if it continues lower, it's likely to weigh on sentiment and cap gains across the board. It's probably unlikely anytime soon, but a break of resistance would be bullish for the whole market.
Just in case you missed it the reason of the sharp rebound is caused by rumors that the looming partnership of Swift and XRP which is huge in my opinion if true.
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