After recently breaking its previous record by reaching a high of $3.65, XRP has retreated to about $3.09, marking a 15% drop. This decline coincides with a broader downturn in the cryptocurrency market, affecting major altcoins like Solana and Dogecoin. Analysts attribute XRP's fall to macroeconomic factors and overall market exhaustion, noting the volatile nature of crypto compared to traditional markets. Katie Talati from Arca suggests that the market is waiting for potential interest rate cuts by the U.S. Federal Reserve, which could boost risk assets like crypto. Despite the current dip, XRP remains popular among retail investors, particularly after a long-running lawsuit with the SEC concluded, making it seem like a less risky investment. The token's recent high is viewed as validation of Ripple's vision for a regulatory-compliant blockchain for institutions. All these factors are keeping the door open for potential future gains, according to experts.

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