XRP has seen significant fluctuations recently, hitting a new record of $3.65 last week before dropping to $3.09, marking a decline of over 15%. This downturn aligns with a broader market trend where other major altcoins, such as Solana and Dogecoin, have also experienced losses. Analysts attribute this dip to macroeconomic factors and general market exhaustion, which often result in sharp pullbacks after rapid price increases. In recent developments, the U.S. Federal Reserve's potential interest rate cuts, influenced by President Trump's pressure on Fed Chair Jerome Powell, may also impact crypto investments positively as lower rates enhance liquidity for risk-based assets. Despite the recent decline, experts suggest XRP could recover due to its popularity among retail investors and the resolution of a significant lawsuit with the SEC, which could render it a less risky investment option.

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