XRP recently hit a record high of $3.65 but has since dropped by over 15%, trading at approximately $3.09. This decline is part of a broader downturn in the market, affecting many major altcoins like Solana and Dogecoin. According to analyst Katie Talati, the drop is attributed to macroeconomic factors and overall market fatigue, as investors prepare to hear if the U.S. Federal Reserve will lower interest rates. Following the resolution of a lengthy lawsuit with the SEC, XRP is viewed by many as a less risky investment, potentially appealing to retail investors. Despite the recent pullback, there is optimism about XRP's future potential. The token's surge last week indicates strong investor confidence in Ripple's vision for a regulatory-compliant blockchain that appeals to institutions. Overall, while XRP has faced a setback, there could be room for further growth as market conditions shift.

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