XRP has experienced a notable decline in value, dropping from a record high of $3.65 set last week to around $3.09, representing a more than 15% drop. This decline coincides with a broader downtrend in the cryptocurrency market, affecting major altcoins like Solana and Dogecoin. Analysts attribute the drop to macroeconomic factors and market exhaustion, noting that the heightened volatility seen in crypto contrasts with more stable traditional markets. Further contributing to the situation is speculation regarding potential interest rate cuts by the U.S. Federal Reserve, which could influence the attractiveness of riskier investment assets like cryptocurrencies. Despite the recent downturn, some analysts believe XRP still has room for growth, especially as retail investors show renewed interest following the resolution of a lengthy SEC lawsuit, which many see as a positive shift that de-risks the investment.

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