I'm honestly not opposed to the whole market correcting and developing support for future growth. I did spring out of bed this morning to buy more BTC when I saw it at $12,300ish... and have no problems with it falling further. I expect in the new year that our old friends BTC and ETH will rise back to their November 2017 values.
The only thing I'm not sure on is how Ripple will affect the whole market... is this a huge pump and dump or will this signify that the market does want a centralized coin that helps the banking sector? I've got no idea personally.
Most people are in this for speculation, they don't give a damn about anonymity or 'centralization' or privacy at this time. That will become a factor once the tax man rings, that will show Ripple it's limits - as it is a banker's coin. Then, there may be a SWIFT coin soon... so I don't see Ripple taking over the market, it's only attraction lies in the boom and the hype and the speculation itself. Right now, it;s as dangerous to the bitcoin brand as the BCH attempts to take over were, that seem to have already been forgotten by most...