Ripple price correction
Ripple (XRP) saw a price surge from about $0.25 to $3.84 in less than a month (early December through early January). The last several days, Ripple has seen a correction (a welcomed / needed one in my opinion), and some within the cryptocurrency are pointing the finger at CoinMarketCap and their decision to remove South Korean exchanges from their prices (which trade at about a 30% premium to other markets). I'd argue that CoinMarketCap's move could have had some impact, but that was likely an impact felt by the broader market and not just XRP (and likely one that quickly corrected once people realized the price updates on CoinMarketCap were from this decision). I'd further argue that the correction seen by XRP was one driven more so by the fundamentals and that it was overbought by most / all technical indicators given its 15x price increase in less than 30 days...
I agree that it was overbought. Mainly on rumors of Coinbase partnership.