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There are many well known sites that show balance and past transactions for a Bitcoin address, eg. blockchain.info, blockr.io etc. Does something like this exist for Ripple? Is this even possible with the Ripple protocol?

I know about http://rippledb.com/, but this doesn't seem to list this, just ledgers.

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Yes, the Ripple protocol does allow you to list all past transactions performed. The most typical way would be to use the account_tx command. You can "page through" the data, retrieving a particular number of transactions per command, until you get to the first transaction.

I am not aware of a website where you can trace through an account's transaction history using GUI-style navigation, although the Ripple Charts Account Explorer will show you an account's transaction stream.

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