XRP recently reached a new record high of $3.65 before dropping 15%, currently trading at $3.09. This retreat is part of a broader decline affecting the altcoin market, with other coins like Solana and Dogecoin also seeing losses. Experts attribute this drop to macroeconomic factors and market exhaustion, noting that investors are awaiting potential interest rate cuts from the U.S. Federal Reserve. The increase in the U.S. money supply, which typically correlates with asset prices, hasn't spurred asset growth as expected. XRP's all-time high reflects investor belief in Ripple's vision, especially after its recent legal victories. Despite the current drop, analysts suggest XRP remains appealing to retail investors, particularly now that it might be perceived as a lower-risk investment due to the resolution of its legal issues with the SEC.

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