XRP has retreated after setting a new record of $3.65 last week, currently trading at $3.09, reflecting a 15% drop. This decline coincides with a broader downturn in the crypto market as major altcoins, including Solana and Dogecoin, also experienced losses. Analyst Katie Talati explains that macroeconomic factors and general market exhaustion contributed to XRP's price decline, as investors await potential interest rate cuts from the U.S. Federal Reserve. Despite this setback, there's optimism surrounding XRP, especially after the resolution of a long-standing lawsuit with the SEC, which some investors now view as a 'de-risked' investment. Ripple's emphasis on creating a regulatory-compliant blockchain for institutions has bolstered confidence in the token, further supported by positive retail investor sentiment. Overall, while XRP has seen recent volatility, analysts suggest it may still have potential for upward movement.

Source 🔗