So of course, that stops the price range and people do not buy it anymore as much as they used to. It would have gone down even more if the price wasn't manipulated by the Ripple team so much.
As long as the behind people behind can make tons of money, I think banks and any other financial corporations will support it because it's a win-win situation. But for bitcoin maximalist, XRP will be just another altcoin floating in the market and shouldn't even be considered as a threat but just a pump-and-dump scheme coin.
sometimes I feel surprised at this XRP, a coin that ranks third CMC can not compete with other coins, even though this XRP is often reported by the Developer to join this company and that. even now I feel that I have no desire to trade this XRP.