XRP, the third-largest cryptocurrency, has seen a significant pullback, dropping to $3.09 after reaching a record high of $3.65 last week—representing a 15% decrease. This decline appears to coincide with broader market trends, as many altcoins, including Solana and Dogecoin, have also reported losses. Analysts cite macroeconomic factors and market exhaustion as key drivers of this downturn. Katie Talati of Arca indicates that after rapid price surges, investors often experience pullbacks typical in crypto markets. Additionally, speculation around U.S. Federal Reserve interest rate cuts could influence the market. While XRP's recent high underscores investor confidence in Ripple’s vision, it was also noted that founder Chris Larsen moved substantial amounts of XRP to exchanges, hinting at potential profit-taking. However, Talati suggests XRP may continue to attract retail investors following a long-awaited resolution in its SEC lawsuit, possibly positioning it as a restructured and 'de-risked' investment opportunity.

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