XRP has reversed its recent gains after hitting a new all-time high of $3.65 last week, now trading at $3.09, reflecting a decline of over 15%. The drop is attributed to broader market corrections affecting most major altcoins like Solana and Dogecoin. Analysts suggest that macroeconomic factors and fatigue in the crypto market are influencing this shift. Investors are cautious as they await potential interest rate cuts from the U.S. Federal Reserve, which historically benefit cryptocurrencies. Despite this retracement, some believe XRP may still climb higher, as it remains popular among retail investors, especially following the resolution of a lengthy legal battle with the SEC, positioning it as a 'de-risked' asset. There are concerns about significant sell-offs, with XRP's founder moving substantial amounts to exchanges, indicating possible cash-out intentions. Nevertheless, experts view XRP's rise as a validation of Ripple's vision for a compliant blockchain for institutions.

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