XRP has experienced a significant drop after reaching a new record price of $3.65 last week, falling approximately 15% to around $3.09. The decline is part of a broader market trend affecting most major altcoins including Solana and Dogecoin. Analysts attribute the drop to macroeconomic factors and general crypto market fatigue, with investors awaiting potential interest rate cuts from the U.S. Federal Reserve. XRP's recent surge is particularly notable, as it marked the token's return to prominence after missing previous highs during the 2021 crypto bull market. Despite the recent sell-off, XRP remains popular among retail investors. Following the conclusion of a prolonged lawsuit with the SEC, analysts suggest that XRP may be viewed as a less risky investment going forward, which could fuel further upward movement in its price.

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