XRP recently fell to $3.09 after reaching a new high of $3.65, marking a drop of over 15%. This decline reflects a broader trend in the cryptocurrency market where major altcoins, including Solana and Dogecoin, also faced losses. Analysts attribute this downturn to macroeconomic factors and overall fatigue in the crypto market, suggesting that significant price recoveries can lead to sharp pullbacks. Expectations surrounding potential interest rate cuts by the U.S. Federal Reserve are influencing investor sentiment. Despite this setback, retail interest remains strong in XRP, especially following the resolution of a lengthy legal battle with the SEC, making it a possibly less risky investment for buyers. Overall, while XRP has retraced some gains, market experts believe it could still experience upward movement given its popularity among retail investors.

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