XRP has seen a retreat from its recent record high of $3.65, dropping over 15% to around $3.09 as of now. This decline reflects a broader market pullback affecting many major altcoins, including Solana and Dogecoin. Analysts attribute this decrease to macroeconomic factors and general exhaustion in the crypto market. Katie Talati from Arca noted that investors are currently waiting to see if the U.S. Federal Reserve will cut interest rates, which typically benefits crypto and risk-on assets. Despite the drop, Talati believes XRP could still rise higher, particularly due to its popularity among retail investors and the recent resolution of a long-running lawsuit with the SEC, which may position XRP as a less risky investment. Additionally, the new high for XRP, achieved after not being a leading token in previous bull markets, underscores confidence in Ripple's regulatory approach and its future.

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