The cryptocurrency market reacted positively to the decision The U.S. Federal Reserve (Fed) has confirmed its commitment to keep interest rates unchanged

title: XRP price surges over 6% as cryptocurrency market reacts positively to the Fed's decision

The cryptocurrency market reacted positively to the decision of The U.S. Federal Reserve (Fed) to keep interest rates unchanged in the 4,25%-4,5% range, as confirmed during its recent meeting.

The cryptocurrency market reacted positively to the decision of The U.S. Federal Reserve (Fed) to keep interest rates unchanged in the 4,25%-4,5% range, as confirmed during its recent meeting.

This decision has contributed to a significant surge in Bitcoin’s price, surpassing the $87 mark.

This decision has contributed to a significant surge in Bitcoin’s price, surpassing the $87 mark.

In the same vein, major cryptocurrencies are seeing notable rallies, with BNB and Solana both up over 2% today, while XRP has surged over 6%.

Yesterday, BTC started an upward movement, peaking around $87.400 amid positive news. However, the asset did not sustain its movement and retreated to the current zone.

Yesterday, BTC started an upward movement, peaking around $87.400 amid positive news. However, the asset did not sustain its movement and retreated to the current zone.

At the time of publication, the price of Bitcoin was trading at $85.225,45 with an increase of 1.6% in the last 24 hours, equivalent to approximately R$487,267.88 BRL and €76,158.55 EUR. In one week, BTC appreciated 2.5%.

Related: Bitcoin price today: BTC rallies above $87.000 after Fed keeps rates unchanged

According to analysts from the Santiment platform, some important conclusions led cryptocurrencies and stocks to react positively after the announcement of the U.S. Federal Reserve (Fed).

“Two rate cuts are still expected later this year, with expectations of higher inflation and lower economic growth; US economic growth is now expected to be +1,7%, as opposed to the +2,1% projection made in December; Jerome Powell said the low growth projection, combined with expected continued high inflation, are balancing out; Powell says US tariffs could delay the goal of lowering inflation; In the eyes of the Fed, there is a slightly higher estimated probability of a recession under these current economic circumstances. Look for cryptocurrency markets to closely mirror the S&P 500 over the indefinite future, although individual altcoins may continue to see greater unpredictability and volatility.”

Amidst the scenario, the cryptocurrency XRP is attracting attention due to an impressive increase in its value since yesterday after the closure of the case between the US Securities and Exchange Commission (SEC) and Ripple Labs.

The news had a strong impact on XRP, which rose another 14%, managing to break the resistance of US$ 2,50 for the first time in the last 12 days.

At the time of publication, the price of XRP was quoted at US$ 2,47 with an increase of 6% in the last 24 hours.

The United States SEC withdrew the lawsuit it had filed against Ripple and its token XRP after years of legal battles that have caused huge losses to XRP holders.

The news of the closure of the case was confirmed by Ripple CEO Brad Garlinghouse.

“I can finally announce that this case is over. It’s over,” Ripple CEO Brad Garlinghouse said in an emotional speech broadcast via video.

“I can finally announce that this case is over. It’s over,” Ripple CEO Brad Garlinghouse said in an emotional speech broadcast via video.

He reflected on the start of the litigation four years ago, saying with conviction that “this case was doomed from the start.”

Recently, there were reports that the United States Securities and Exchange Commission (SEC) was reconsidering the classification of Ripple’s digital token XRP as a commodity. This potential change comes after a detailed analysis of XRP’s functionalities and market characteristics, placing it on par with Ethereum, which the SEC has already categorized as a commodity.