XRP has experienced a significant retreat, dropping to $3.09 after reaching a record high of $3.65 last week, marking a decline of over 15%. This downturn stems from broader market trends affecting most major altcoins, as Solana and Dogecoin also saw declines. Analysts suggest that macroeconomic factors, including uncertainty around U.S. Federal Reserve interest rate adjustments, are influencing investor sentiment. Despite this pullback, some analysts maintain a bullish outlook on XRP, citing its popularity among retail investors and its recent de-risking following a long-running lawsuit with the SEC. XRP's recent peak followed a seven-year wait since it last saw similar highs during the 2021 bull market, reflecting growing confidence in Ripple's regulatory efforts. Although there are signs of selling from major holders, the overall sentiment suggests potential for further upward movement.

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