XRP has retraced from its recent peak of $3.65, slipping to $3.09, marking a decline of over 15%. This drop occurred alongside a downturn in the broader cryptocurrency market, affecting other altcoins such as Solana and Dogecoin. Analysts attribute the decline to macroeconomic factors and market exhaustion following significant price increases. Katie Talati, Director of Research at Arca, noted that the volatility observed in crypto markets is much more pronounced than in traditional finance, leading to sharper pullbacks. She highlighted the anticipation surrounding the U.S. Federal Reserve's upcoming interest rate decisions, as lower rates generally favor risk assets like cryptocurrencies. XRP's recent surge comes after a long absence from the peak during the last bull market in 2021, reflecting investor confidence in Ripple's vision for regulatory compliance. Despite this setback, some analysts remain optimistic about XRP, especially after the resolution of a prolonged SEC lawsuit, suggesting it could be viewed as a less risky investment by retail buyers.

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