XRP, the third largest cryptocurrency, recently hit a record high of $3.65 but has since dropped by 15%, trading at $3.09. This decline correlates with a broader market trend where many altcoins, including Solana and Dogecoin, have seen similar decreases. Analysts attribute the pullback to macroeconomic factors and overall market exhaustion, especially after rapid price increases. Investors are now closely watching the U.S. Federal Reserve's interest rate decisions. Despite the drop, some believe XRP has potential for further gains, especially following the resolution of a longstanding SEC lawsuit, which may have made it a more appealing 'de-risked' investment for retail buyers. XRP's recent surge has been interpreted as a validation of Ripple's vision and efforts in establishing regulatory frameworks for institutional use. However, notable movements of XRP by its founder signal potential profit-taking among major investors as well.

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