----This is not investment advice----
Ripple just finished it's meeting with IMF last night. No news of the meeting came out. People thus assumed there was negative news, this triggered a sell which in turn triggered more selling because of fears that there might be insider selling before breaking the bad news.
Ripple is currently testing it's base at 2200 Satoshi's. The next base is around 1800 Satoshi's.
If we compare the current valuation of BTC to Ripple, Ripple should be worth 0,52$
If we compare the current valuation of ETH to Ripple, Ripple should be worth 0,11$
Either the #1 and #2 crypto's are insanely overvalued , or Ripple is very undervalued. I think it's a combination of both.
IMPORTANT POTENTIAL CATALYSTS AHEAD:
There is also a pending decision on a supply lock for what should happen to the 65 billion xrp still held by the organisation.
Ripple vouchers can again be bought on alibaba and taobao
First commercial launch alpha phase will begin in june.
Ripple got it's first CENTRAL BANK on board.