Overpriced
At least, I think it is. Everybody is jumping on the Ripple bandwagon, but just think about this: they minted 100 BILLION of them. And, the market is the same group of people that currently understand Bitcoin, probably, because you can't tell me that this conversation will go smoothly:
Grandson: "Grandpa, when you convert your Yen to USD, you can use Ripple!"
Grandpa: "Ok. Let's do it. What do I have to do?"
Grandson: "Well, its a little more complicated than going to the exchange like you usually do."
Grandpa: "Really. Why would I do that?"
Grandson: "I don't know, but I think you can avoid exchange feels or something like that."
Grandpa: "Huh. Okay."
Granson: "You just have to download a Ripple wallet (step 1). Then, you have to convert your Yen into Ripples (step 2). Then, you have to find somebody that wants to convert USD to Ripples (step 3). Then, you have to move your money from your Ripple wallet to your bank account (step 4). And Whammo! You've just avoided ....
I don't know, but it's cool
Grandpa: "Uh, why don't we skip these steps, Timmy, and I'll just exchange directly with my bank as usual."
So, in essence, my point is, Ripple doesn't add value to the current exchanging of fiat. It's just a blatant attempt at trying to ride the coat-tails of Bitcoin, and make owners of crypto-currency able to convert it to fiat more easily. Which is okay, I guess, but don't expect the true value of a Ripple to be anywhere close to ANY cryptocoin out there, even the new ones.