XRP has seen a significant drop following its record high of $3.65 last week, retreating 15% to $3.09 amid a broader market downturn affecting many altcoins like Solana and Dogecoin. Analysts attribute this drop to macroeconomic factors and investor exhaustion in the crypto market, with speculation surrounding potential interest rate cuts by the U.S. Federal Reserve. Despite this pullback, experts see potential for XRP's further growth, particularly with retail investors showing continued interest. The recent lifting of a long-standing SEC lawsuit against Ripple is viewed as a positive development, positioning XRP as a 'de-risked' investment. Ripple's founder transferred substantial amounts of XRP to exchanges, pointing to possible cash-out strategies by major investors. Overall, while XRP has corrected from its peak, analysts suggest that favorable market conditions could spur another rally.

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