XRP has retreated from its recent all-time high of $3.65, now trading at approximately $3.09, marking a 15% drop. This decline is part of a broader market downturn affecting many major altcoins, with Solana and Dogecoin also experiencing declines. Analyst Katie Talati attributes this drop to macroeconomic factors and general market exhaustion, highlighting the volatility seen in crypto markets. Furthermore, investors are closely watching for potential interest rate cuts from the U.S. Federal Reserve, which could impact risk-on assets like cryptocurrencies. XRP's surge last week is notable as it followed a long-term lawsuit resolution with the SEC, signaling a bullish sentiment among retail investors. Despite the recent price drop, some analysts believe XRP could see further gains due to its investor appeal, especially as it is viewed as a less risky investment following the lawsuit outcome.

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