XRP has recently experienced a significant decline, dropping to $3.09 after reaching a record high of $3.65 last week, marking a 15% decrease. This drop coincided with a broader market downturn affecting major altcoins like Solana and Dogecoin. Analyst Katie Talati attributed this backslide to macroeconomic factors and general exhaustion in the crypto market, highlighting the violent price movements often seen in this sector. Investors are currently monitoring potential interest rate cuts from the U.S. Federal Reserve, as low rates typically benefit risk-on assets such as cryptocurrency. Despite the recent retracement, Talati noted that XRP remains a favorite among retail investors and could still appreciate, especially following the conclusion of a long-standing SEC lawsuit, which may lead investors to view it as a less risky investment. XRP's rise this month has been interpreted as validation of Ripple's vision for a compliant blockchain solution for institutions. The outlook remains hopeful amid rising liquidity in the market, suggesting that XRP might regain momentum soon.

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