XRP Price recovery sparked by Coinbase custody

XRP prices shot up within 5 minutes today back above 46 cents and people were wondering what the reason was. I believe the reason was that Coinbase announced that they were going to offer XRP custody services to their investors allowing large investors to feel safer about purchasing large amounts of XRP because now they will have somewhere safe to store that XRP. I do see this as a temporary correction and it may go background back to around 45 cents in the short term. I do believe that XRP will be great in the long term but for the short term I see a slight pullback unless BTC improves.