XRP has seen a significant drop after reaching an all-time high of $3.65 last week, now trading around $3.09, marking a decline of over 15%. This decrease aligns with a broader downturn in the cryptocurrency market, impacting major altcoins like Solana and Dogecoin as well. Analysts attribute this correction to macroeconomic factors and a sense of market exhaustion, particularly following volatile price movements in cryptocurrencies. The recent end of a long-standing lawsuit with the SEC has made XRP appealing, viewed as a less risky investment by retail investors. Many are contemplating upcoming U.S. Federal Reserve meetings concerning potential interest rate cuts, since lower rates typically favor risky assets like cryptocurrencies. Despite the current drop, experts believe XRP could still climb higher due to its popularity among retail investors and the perceived de-risking after the SEC litigation resolution. The overall crypto market is characterized by rising liquidity but has yet to fully capitalize on these favorable conditions.

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