XRP has seen a significant retreat after recently hitting a record high of $3.65, currently trading at around $3.09, which represents a 15% drop. This decline coincides with a broader sell-off in the cryptocurrency market, affecting altcoins like Solana and Dogecoin as well. Analyst Katie Talati pointed to macroeconomic factors and market exhaustion as potential reasons for the pullback, highlighting a correlation between interest rates and crypto investments. Following a long-standing lawsuit's resolution, XRP's increased popularity among retail investors may suggest that it remains a promising asset despite recent losses. Some believe XRP is now perceived as a less risky investment.
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