XRP has seen a significant drop after reaching a new record price of $3.65 last week, with the coin recently trading around $3.09, marking a 15% decline. This drop coincides with a general downturn in the altcoin market, where other major cryptocurrencies like Solana and Dogecoin have also registered losses. Analysts attribute the decline to macroeconomic factors, including market exhaustion and uncertainty regarding the Federal Reserve's interest rate decisions, which could impact investor sentiment toward crypto. Despite the recent downturn, some experts believe XRP still has potential due to its popularity among retail investors. The token's all-time high came after a seven-year wait and follows the resolution of Ripple's prolonged legal battle with the SEC, potentially making it a more appealing investment. Analysts suggest that with the increase in liquidity and positive sentiment, XRP could regain upward momentum in the future.

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