I never invested in $XRP because I thought fundamentals were not good enough. Unlimited supply, big reserve overhang owned by company, trying to connect banks instead of people. Founder did become richest man in the world at peak 2017 bubble but has little charisma.
What's happening today is what happens to every project with weak fundamentals, it's all honky dory and can be profitable for long time but then suddenly something happens that sinks the project. Because they were centralized they were easy target for the gov gang and their investors don't give a damn but to make a profit so mass exodus once they are under attack. More coins will likely follow.
Price now close to All Time Low vs $BTC, which is still very good in fiat terms. But as beautiful the returns have been, as ugly they can become. This is likely not a temporary dip, but the start of a drain, similar to so many popular projects that end at zero. THANK YOU