XRP has experienced a significant drop after reaching a new record high of $3.65 last week, now trading at approximately $3.09, marking a decline of over 15%. This decrease coincides with a broader market retreat affecting other major altcoins such as Solana and Dogecoin. Analysts attribute this pullback to macroeconomic factors and overall market exhaustion, with investors keenly awaiting indications from the Federal Reserve regarding potential interest rate cuts. Despite this recent fall, XRP remains a favorite among retail investors, and its recent all-time high suggests confidence in Ripple's vision for a regulatory-compliant blockchain. Furthermore, the recent end of a lawsuit with the SEC may position XRP as a more appealing investment due to lowered perceived risks. Experts believe there is still potential for upward movement in XRP's price amidst favorable market conditions and retail interest.

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