XRP has retreated from its record high of $3.65 set last week, currently trading around $3.09, marking a decline of over 15%. This drop is linked to broader market trends, as many major altcoins have experienced declines. Analysts, including Arca’s Director of Research Katie Talati, attribute the price movement to macroeconomic factors and general market exhaustion, suggesting investors are eager for indications of potential interest rate cuts by the Federal Reserve. Despite this, XRP remains popular among retail investors, especially after the conclusion of a long-running lawsuit with the SEC. This has led some to view XRP as a de-risked investment. The recent high is seen as a validation of Ripple's goals for a regulatory-compliant blockchain for institutions, emphasizing the coin's growing acceptance and potential for future price increases.

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