XRP has recently seen significant volatility after setting a record high of $3.65, only to drop 15% to around $3.09. This decline is part of a larger trend affecting the altcoin market, influenced by macroeconomic conditions and market exhaustion. Arca's Director of Research noted that such volatile price movements are common in cryptocurrency compared to traditional markets. Investors are currently awaiting potential interest rate cuts by the U.S. Federal Reserve, which could boost risk assets like cryptocurrencies. Despite its recent downturn, XRP's new high aligns with a comeback narrative, particularly following the resolution of a long-standing SEC lawsuit, which has led analysts to view XRP as a less risky investment. There's optimism as XRP remains a favorite among retail investors, suggesting it might have further upside potential in the near future.

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