XRP has experienced a significant decline, dropping over 15% after reaching a record high of $3.65 last week. Currently trading around $3.09, the fluctuation in XRP's price aligns with a broader downturn in the cryptocurrency market. Notably, cryptocurrencies like Solana and Dogecoin also posted declines. Analysts attribute XRP's retreat to macroeconomic pressures and market exhaustion. The anticipation surrounding potential interest rate cuts by the U.S. Federal Reserve could affect cryptocurrency investments, as lower rates typically enhance financial liquidity. Furthermore, XRP's recent high marks a comeback for the coin, following a seven-year wait since missing a peak during the 2021 bull market. Despite this pullback, some believe XRP still has potential for growth, especially after the resolution of a prolonged lawsuit against Ripple, branding the coin as a less risky investment option for retail investors.

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