XRP recently set a record high of $3.65 but has since dropped 15%, trading at $3.09. This decline is part of a wider market retreat that has affected many altcoins. Analysts attribute the drop to macroeconomic factors and market exhaustion. Investor sentiment may shift as they await potential interest rate cuts from the U.S. Federal Reserve, influenced by recent political pressure. XRP's peak, after years of underperformance, highlights investor confidence in Ripple's vision for a compliant blockchain. Chris Larsen, co-founder of Ripple, transferred over $140 million of XRP to exchanges, suggesting readiness to take profits. Despite the recent drop, there is optimism that XRP could rise further due to its popularity with retail investors and the recent resolution of a long-standing lawsuit with the SEC, which may position XRP as a 'de-risked' investment.

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