XRP recently set a new record price of $3.65 but has since fallen about 15% to around $3.09, attributed to broader market declines affecting altcoins. Analyst Katie Talati attributes this pullback to macroeconomic factors and general market exhaustion, as large price swings in cryptocurrency markets are unlike those seen in traditional finance. Investors are also eyeing the U.S. Federal Reserve's decisions on interest rates, which heavily influence risk assets like cryptocurrencies. Despite this recent dip, XRP's price surge highlights strong investor belief in Ripple’s vision for a compliant blockchain, signaling a 'de-risked' investment now that a long-standing SEC lawsuit has concluded. The founder of XRP transferred a significant amount to exchanges, suggesting potential profit-taking. Still, analysts note that retail interest remains strong, indicating the possibility for recovery and further price increases.

Source 🔗