XRP, after setting a record high of $3.65 last week, has seen a decline of over 15%, trading around $3.09. This drop comes amid a broader market downturn affecting many altcoins such as Solana and Dogecoin. Experts suggest that macroeconomic factors and market exhaustion contribute to this volatility, especially as investors anticipate potential U.S. Federal Reserve interest rate cuts, which typically favor risk-on assets like cryptocurrencies. Despite the recent pullback, some analysts believe XRP still has upward potential, especially following a long-running SEC lawsuit resolution. The coin remains popular among retail investors and is recognized for its regulatory focus as a blockchain for institutions. The founder of Ripple, Chris Larsen, recently transferred $140 million of XRP to exchanges, indicating possible profit-taking amid the surge. However, the market’s current state leaves room for future growth for XRP, as many investors see it as a de-risked asset now that the legal uncertainties are lifted.

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