XRP, after reaching a new record high of $3.65 last week, saw a decline of 15%, with its value recently trading at $3.09. This drop comes amid a broader market decline, affecting major altcoins like Solana and Dogecoin. Experts attribute the pullback to macroeconomic factors and exhaustion within the crypto market. Arca Director of Research Katie Talati noted that such volatile moves are typical in crypto, differing from traditional markets. Furthermore, investors are closely watching potential interest rate cuts from the U.S. Federal Reserve, which could benefit risk-on assets like crypto. Despite the drop, analysts suggest XRP could still rise again, especially after the resolution of a lawsuit with the SEC, making it more appealing to retail investors. The recent peak marks XRP's first all-time high in seven years, signaling a growing investor confidence in Ripple's vision for regulatory compliance in blockchain.

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