I have my own theories of why the price of XRP is going down at the moment. I like to keep it simple; my believe is that many people are taking advantage of the recent price jump to take some profits of the table and buy some Christmas presents - that's it.
That's what we do when we experience great gains in any investment we make, especially when our ROI has more than quadrupled. Anyone remember XRP prices at 190, 180, 170 per 1 USD less than two months ago? There is no need for a doom scenario to be taking place in order to explain the recent drop, it is exactly what's suppose to happen.
If these words don't give you any comfort, then look at the secondary market to have a sense of where the price of Ripples are going. Google "Buy XRPs / Ripples" and you will find many players selling XRPs at more than five times the price you find at established gateways such as Bitstamp or SnapSwap. The reason for this price jacking is due to two very important factors that by themselves make an accurate prediction: Demand is there and also the Fear that new ripplers have of not wanting to wait seven to ten days to verify their accounts through a gateway because they might lose out on the next price jump.
Another thing that we need to look at is at the demand SnapSwap is currently experiencing. They are picking up the slack from China and are looking at increasing their XRP volume to one million per day. The demand is so high that they are lagging behind in processing orders. Peercover, another gateway, can never keep enough XRPs on hand and this is great news for anyone that wants to see XRPs increase in value.
If all of this is not enough, think about when was the last major announcement from Ripple Labs. We are due for some great news that builds confidence on the Ripple Network and I think that by spring 2014 we will be hearing them.
So you see my fellow ripplers, the only thing you should be worrying about is getting your hands on more ripples. So stop by your local gateway and get more XRPs with that money grandma is sending you this Christmas.