XRP has recently experienced a significant drop after reaching a record high of $3.65 last week, marking a 15% decline as it traded around $3.09. This downturn is attributed to general market exhaustion and macroeconomic factors, according to analysts. With most altcoins also experiencing declines, investors are closely watching Federal Reserve meetings for potential interest rate cuts, which typically benefit risk-on assets like cryptocurrencies. Despite the recent pullback, analysts suggest that XRP could still gain momentum, especially after the conclusion of a long-standing lawsuit with the SEC, making it appear as a 'de-risked' investment for retail buyers. The recent high for XRP, which came after a seven-year gap, reflects confidence in Ripple's vision for compliant blockchain solutions. However, the founder's large asset movements indicate potential cash-out plans once prices increase further.

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