Ripple made all time highs around 3,3 USD in the beginning of January and since that time, lost around 80% of the value. Real, tough investing lesson for beginners. Textbook burst of a bubble.
Very often, after such a strong drop, many traders look for a great bargain and use the lower prices to buy the discounted instrument. Technical analysis do not favour this option here. Currently, the price is attacking the mid-term up trendline (lower red) and it looks like this attempt will finish with a bearish victory (no signs of a demand whatsoever).