XRP has seen a significant drop of 15% after setting a record high of $3.65 last week, with its current trading price around $3.09, according to CoinGecko. This decline is reflective of a broader downturn in the cryptocurrency market, affecting other altcoins such as Solana and Dogecoin. Analysts attribute this drop to macroeconomic factors and market fatigue after a dramatic surge, noting that investors are keenly awaiting decisions from the U.S. Federal Reserve regarding interest rates, which impact investment in crypto and riskier assets. Despite this recent retreat, some experts believe XRP may still have potential for growth, especially with the conclusion of a protracted SEC lawsuit, which could position it as a 'de-risked' investment for retail buyers. The coin, which had not reached such heights since 2018, underscores investor confidence in Ripple's vision for compliant blockchain solutions for institutions and could see renewed interest as market conditions stabilize.

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