In my opinion once something soars high and crashes and burns it should just go away. Sounds harsh but I think Ripple should just go die. Cheap buy though, long shot for a big rise or climb.
Today was Ripple’s turn to shine. As the third biggest cryptocurrency with more than $7.5 billion in market capitalization posted a 2.97% gain in the last 24 hours as its price edged up to $0.196879 on a day that all of the billion dollar players lost value, according to coinmarketcap.com.
Ripple, however, is back in its long-term consolidation range after the spike below the lower boundary of the zone during last weekend’s correction. The coin faces strong resistance near the $0.2150 level, and as XRP is still well below the declining long-term trendline, short-term traders are advised to wait with new positions.
Read more here : https://www.cryptocoinsnews.com/ripple-shines-for-a-day-struggles-to-regain-its-mid-may-high/
I think it's because of SegWit2x coming soon. Every currency will either increase after 1 August or completely crash if something goes awfully wrong. So i don't think it's that important for now if it stagnates or not.
Most likely it will still go down a bit right before 1 August.
I think BTC will take a hit pre 8/1 and everything will have a nice boost because everyone will unload because of the uncertainty with segwit.