We've seen Ripple holding the price along the upwards sloping purple trendline established awhile back. The bounce today helps to preserve this trendline as a support for XRP moving forward.
Traditionally, a bounce from the trendline has given a relatively strong rally in the days following it's bounce. RSI is also looking to reverse on the daily charts similarly with a support line on the Daily RSI.
In addition, Bitcoin is looking relatively stable. As long as we don't see a major dump on BTC, I believe this Ripple rally should continue in the short term(several days).