One may attribute this seismic shift in XRP trading to the prevailing low volatility in the market at that time.
The Bitcoin Volatility Index , a benchmark of the crypto market, measured at a mere 14.78 on Thursday — comparable to levels seen in December, late April and June. Following the news of XRP's surge, the BVOL value skyrocketed by more than 5% in the following days, a significant jump.