"I'm really starting to think that that's exactly what Ripple wants, for it to be stable and not rise much higher."
This isn't the case and Ripple has stated otherwise. You can't expect these things to happen overnight. XRP already went up 4000% this year.
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They have also stated that when scarcity occurs they will take XRP out of escrow to dump them on the market. That will effectively lower the price again.
Price is driven by human sentiment. Not just in cryptocurrencies but in everything. The bottom line is that everyone who wants in is likely now in...and some have gotten in at "whatever price I have to pay!" to get in. Bitcoin will be going through a $1000 drop here shortly and all of the rest of the cryptos will likely follow. The entire sector is one MASSIVE price bubble.