XRP, the third-largest digital currency, experienced a significant drop after reaching a new all-time high of $3.65, a 15% decline bringing its current value to $3.09. This pullback aligns with a broader decline in the crypto market, where other altcoins like Solana and Dogecoin also fell. Analysts attribute this drop to macroeconomic factors and investor exhaustion, highlighting the volatility in the crypto market compared to traditional markets. Following a longstanding lawsuit with the SEC, some see XRP as a safer investment now. Despite recent losses, experts believe XRP may still have potential for growth, citing its popularity among retail investors and the supportive environment stemming from possible interest rate cuts by the Federal Reserve. The founder of Ripple, Chris Larsen, indicated significant asset movements, suggesting preparedness for potential profit-taking after the recent surge. Overall, while XRP has retreated, signs of investor interest persist as they await macroeconomic developments.

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