XRP recently set a record high of $3.65, only to experience a 15% drop, trading at $3.09 according to CoinGecko. This decline coincides with a broader market downturn affecting major altcoins like Solana and Dogecoin. Analyst Katie Talati from Arca highlights that macroeconomic factors and general market exhaustion are contributing to this retraction, with investors awaiting decisions from the U.S. Federal Reserve regarding interest rate cuts. Despite the recent decline, Talati believes XRP could recover due to its popularity among retail investors and its perceived status as a 'de-risked' investment following the resolution of a long-standing lawsuit with the SEC. Notably, XRP's all-time high is seen as validation of Ripple's vision for a regulatory-compliant blockchain, marking a significant milestone after years of stagnation during the last bull market of 2021.

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