XRP recently peaked at a record price of $3.65 but has since dropped over 15% to around $3.09 as broader market trends impact its value. The decline is part of a wider pullback affecting major altcoins like Solana and Dogecoin. Analysts attribute this retreat to macroeconomic factors, including market exhaustion and speculation about possible interest rate cuts by the U.S. Federal Reserve. Following the resolution of a major lawsuit with the SEC, XRP may be viewed as a less risky investment, appealing to retail investors. Despite the recent drop, some analysts believe XRP still has the potential for further price increases due to its strong retail investor base and ongoing confidence in Ripple's approach to regulatory compliance. This unique situation makes XRP a significant player in the cryptocurrency landscape, especially as market sentiment fluctuates and liquidity concerns surface.

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