Ripple is still a coin with a lot of support, even if we know that is a project of the banks and for the banks, however it is safe to say the correction we are seeing was due to happen, I do not know if that news was the cause, but if it was not that then something else could have done the trick, Ripple is going to go down for some time until it find its floor and stabilizes, this is probably going to take a few days or weeks.