Ripple was just sued for some dubious reasons and they will come back for another marathon run against these saboteurs. The announcement through the US SEC about the lawsuit against Ripple was just an avenue to make make many hate the technology but the world will one day understand. They thought the lawsuit will crumble the said ripple but it price still doing well among the cryptocurrency market, it still displaying it seniority on coinmarketcap.
The reason is not dubious, if you are living in a country you need to live according to the rules and regulations, you cannot start raising money without the regulatory authorities permission and if you are doing things like that then it will have to face the issues as well. Ripple was a centralized company and they raised millions without the SEC approval and that is the lawsuit they are dealing right now.