Yes and because of that this happens.
Ripple
$2.87 USD (-20.04%)
0.00017511 BTC (-28.18%)
That is a lot from $3.65 then this. New investors will really feel the lost with this.
Question is can it go back up when every holders of Ripple are really expecting Coinbase to turn them on.
I think it will definitely go back up eventually. I was thinking that the price would have immediately hit $5 if coinbase had started listing ripple, but even though this didn't happen, the hype around the coin is too much for the price to just fall back and stay there.
Well that is your opinion but I have mine too.
Look, this is a big hit for them if ever they were not rejected. It could really go up.
But that is not what happen and that will also be a big hit but not up. It will be down. Users will lose the hype of being a part of a coin that will make them rich. They will think there is no more chance for it to grow.