XRP recently hit a record high of $3.65 but has since dropped to $3.09, reflecting a 15% decline. This decrease is attributed to broader market dynamics, including macroeconomic factors and investor exhaustion in the cryptocurrency sector. Notably, other altcoins like Solana and Dogecoin have also experienced declines. Analysts suggest that the recent surge in XRP's price might be a validation of Ripple's vision for a compliant blockchain, following the resolution of a long-standing lawsuit with the SEC. Despite the pullback, there remains optimism among retail investors, indicating potential for XRP to rebound, especially if the U.S. Federal Reserve signals a change in interest rates that could favor cryptocurrencies. Overall, while XRP's recent performance has been volatile, analysts believe it still possesses upside potential as interest in the asset remains strong among retail investors.

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