XRP recently dropped 15% from its record high of $3.65, trading at around $3.09 as of the latest reports. This decline coincides with a broader slump in the cryptocurrency market, affecting major altcoins like Solana and Dogecoin. Analysts attribute the downturn to macroeconomic factors and investor fatigue in the crypto space, especially after such pronounced price movements. Traditionally, low-interest rates benefit cryptocurrencies, and investors are watching for potential rate cuts from the U.S. Federal Reserve. Despite this recent slip, some experts believe XRP still has room to grow, citing its popularity among retail investors and the recent conclusion of a lawsuit with the SEC, positioning it as a less risky investment. Historically, XRP has performed well after adjustments and regulatory clarity. Investors remain optimistic about its future potential amid ongoing market fluctuations.

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