$XRP The cryptocurrency XRP from Ripple has gained 0.5% in price in the last 24 hours, as the recent bearish trend in the cryptocurrency market has taken a break following the decision on the interest rate by the Federal Reserve of the United States.

As expected, the central bank kept its key interest rate unchanged. However, its chairman, Jerome Powell, confirmed that they still foresee two rate cuts this year.

Thanks to this, he was able to calm the markets for a while at a time when rising tensions in the Middle East have shaken investors' minds.

The demand between Ripple and the SEC will be resolved before August.

The analyst believes that XRP will explode soon.

XRP has lost 3.2% of its value over the last week. However, the cryptocurrency analyst Crypto Beast, whose X account has 727,000 users, believes that the token has significant growth potential now that regulatory obstacles have been removed.