XRP recently peaked at a record price of $3.65 but has since experienced a 15% decline, trading around $3.09. This drop is attributed to broader market trends affecting major altcoins, with Solana and Dogecoin also experiencing losses. Analyst Katie Talati noted that both macroeconomic factors and investor fatigue are contributing to this pullback. Market participants are now focused on potential interest rate cuts by the U.S. Federal Reserve, which could impact asset prices. Notably, this record high for XRP comes after a long-term lawsuit resolution with the SEC, which some investors see as a 'de-risked' scenario. Talati emphasizes that XRP remains popular among retail investors, suggesting further upside potential in the future, despite the recent retracement.

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