The way I understand it, coinmarketcap has removed South Korean market is its trading prices that's why the price took a dive because we all know that the South Korean platforms is trading not only Ripple but bitcoin in a premium. And so other argues that the total marketcap is still way more higher at around $10B.

But as far as the price of Ripple is concern, I'm have skepticism when it burst into the market and became the 2nd most traded crypto after bitcoin. The argument that is premined and decentralized really cast my doubts on this coins. Are they sustainable in long term? However, it looks like there's some serious dumping in the last couple of days. And my speculation is that it can go down below $1, in my perspective.


Correction is inevitable, we all know that, but the question remains its sustainability. Once it corrected itself, can it still rises as it previous price or even go further? Bitcoin proves it can do it numerous times. But can Ripple do it? Remains to be seen.