News relating to Ripple was released overnight stating that their development team are close to finalising a product that would help speed up banks transactions. Sagar Sabhai, Head of Regulatory Affairs at Ripple stated that he was confident they would have their product ready as in as little as one month. Investors were clearly not expecting this timeline and bid ripple up as much as 53% overnight. Other currencies were relatively flat with no Ripple effects (pun intended) into other currencies with Bitcoin up ~2%, Ethereum up 7% and Litecoin up ~5%. We will be watching Ripple for any follow through buying as there may be intraday opportunities.