XRP recently reached a new record price of $3.65 but has since declined by over 15%, trading at around $3.09. This drop comes amid a broader market downturn affecting major altcoins, including Solana and Dogecoin. Analysts attribute the dip to macroeconomic factors and investor fatigue in the cryptocurrency market. Notably, XRP's recent high marks its first breakthrough in at least seven years, coinciding with the resolution of a long-standing legal battle with the SEC, which may have reassured investors. Despite the retracement, some analysts believe XRP still has potential for growth, particularly among retail investors who see it as a lower-risk option following its de-risking from regulatory concerns. The overall sentiment in the crypto market remains cautious as investors await decisions from the U.S. Federal Reserve regarding interest rates, which could impact liquidity and market dynamics.

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