The red supporting long term trendline shows that more hodlers shit from BTC to XRP. The movement above this trendline is speculative trading.
Ripple stakeholder SBI triggered opening their huge japanese crypto exchange (SBIVC) for Juli 2019. In todays twitter announcement they pronounced a scheduled downtime for July 31st to include additional functionality to SBIVC.
SBI is a giant japanese consortium of a total of 61 japanese biggest banks. The CEO Yoshitaka Kitao is one of the biggest supporters for the digital asset XRP.