XRP has recently experienced a significant drop after reaching a record high of $3.65, falling over 15% to $3.09 amidst a broader market retreat affecting major altcoins like Solana and Dogecoin. This decline has been attributed to macroeconomic factors and market exhaustion, as noted by analysts. Investor sentiments shifted after a lengthy SEC lawsuit concluded, potentially positioning XRP as a less risky investment in the eyes of retail investors. Market liquidity has surged, yet crypto prices continue to drop, prompting questions about the relationship between increased money supply and asset prices. Analysts remain cautiously optimistic, suggesting that XRP could still rise given its popularity among retail investors and the recent favorable regulatory environment. The future performance of XRP is expected to depend significantly on macroeconomic developments, particularly potential interest rate cuts by the U.S. Federal Reserve.

Source 🔗