This can be a violent move higher, but for now bulls need to break 0.30 a crucial resistance area. As long as we are below it, deeper setbacks are possible.
If Ripple went to $1 it's market cap would exceed ETH. I don't see that happening any time in the near future. And I would advise putting the stop much higher if you're buying in at 0.30. That's 33%(!) below the buy-in point. A 12K buy means you would lose over 4K by the time you dropped below 0.20.