XRP has risen 0.5% in the last 24 hours as the latest downturn in cryptocurrency has paused following yesterday's interest rate decision by the U.S. Federal Reserve.

As expected, the central bank did not change the federal funds rate. However, Chairman Jerome Powell affirmed that they still expect to implement two rate cuts this year.

As a result, he may have helped calm the market a bit at a time when tensions are rising in the Middle East, making investors anxious.

Over the past week, XRP has accumulated a loss of 3.2%. However, the cryptocurrency analyst “Crypto Beast,” who has 727,000 followers on X, seems to think this token has significant upside potential as regulatory hurdles have disappeared.

Crypto Beast has identified a bullish flag price pattern that could yield significant profits for Ripple's underlying asset in the near future.

His fundamental XRP price forecast shows the price will rise to $10 after confirming a bullish breakout. "You will regret not following along," he said.

XRP Price Prediction: Ongoing Consolidation Confirms Crypto Beasts' Thesis

XRP has been consolidating for a while after this token saw a significant leap following Ripple's legal victory against the U.S. Securities and Exchange Commission (SEC) and the appointment of a new leader, Paul Atkins, for this regulatory agency.

Looking at the 4-hour chart of XRP, this consolidation has been ongoing since Monday and shows the price has traded in a range from $2.33 to $2.10.

Consolidation patterns tend to predict a significant upcoming breakout. They are not directional, so it cannot be known whether they support a prediction of XRP price decline or increase.

Traders should monitor how this pattern develops. To further confirm Crypto Beast's bullish XRP price prediction, the price will need to surpass $2.35 with strong trading volume. This will lead to a retest of several resistance levels above, the first and most important of which is $2.65.

Although XRP has not delivered the outstanding growth that investors expected throughout this year, Bitcoin (BTC) has reached a new all-time high as this leading cryptocurrency is considered a safe haven.