XRP has experienced significant volatility recently, dropping from a high of $3.65 to around $3.09, reflecting a 15% decrease. This decline follows a record-breaking surge and coincides with a broader market downturn affecting major altcoins like Solana and Dogecoin. Analyst Katie Talati attributes the drop to macroeconomic factors and market exhaustion, noting that the crypto market is experiencing pullbacks after sharp upward movements. Furthermore, investors are awaiting potential interest rate cuts from the U.S. Federal Reserve, which could positively impact risk assets like cryptocurrency. Despite the recent dip, XRP could still see growth due to its popularity among retail investors and the perceived de-risking following the resolution of a long-running lawsuit with the SEC. The coin's recent high marks a significant milestone for Ripple and its advocates, suggesting ongoing investor confidence in its strategy.

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