XRP has experienced a significant retreat, dropping to $3.09 after reaching a record high of $3.65 last week, which marks a 15% decline. This setback aligns with a broader downturn in the crypto market affecting many altcoins, including Solana and Dogecoin. Analysts attribute the drop to market exhaustion following volatile price movements and macroeconomic factors, such as uncertainty surrounding potential interest rate cuts by the U.S. Federal Reserve. Despite this decline, Katie Talati, a director at Arca, suggests that XRP could still rise as it remains popular among retail investors. Following a recent lawsuit settlement with the SEC, some investors may view XRP as a lower-risk investment, opening potential for future gains. Additionally, there are signs of strong market liquidity, although the current trend reflects a general pullback in digital asset prices after a period of heightened activity.

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