XRP has experienced a significant downturn after reaching a record high of $3.65, dropping over 15% to around $3.09. This decline follows a broader market trend affecting many altcoins, including Solana and Dogecoin. Analysts attribute the drop to macroeconomic factors and a period of market exhaustion. Investors are particularly attentive to whether the U.S. Federal Reserve will cut interest rates, which typically benefits riskier assets like crypto. Despite the dip, XRP remains popular among retail investors, especially after resolving a long-standing lawsuit with the SEC, making it seem less risky to potential buyers. Some believe that XRP could still appreciate due to its favorable positioning in the market, with notable movements from significant investors hinting at ongoing interest.

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