Bitcoin, XRP, Ethereum Jump: What drives the encryption market rally?

Last update:March 20, 2025, 15:14 is

The main encrypted currencies rose after the Federal Reserve maintained interest rates unchanged. Bitcoin reached $ 87,000, exceeded ETHEREUM $ 2000, and acquired XRP 8.31 %. SEC has dropped a lawsuit against Ripple.

The main encrypted currencies including Bitcoin, XRP, Ethereum and many other bull momentum on Thursday witnessed the Federal Reserve’s decision to maintain interest rates unchanged. The bulls gain some strength as the markets have witnessed a significant increase before the daily closure. With Bitcoin recovered $ 87,000, ETHEREUM rose above $ 2000. Meanwhile, Litecoin remains a uniform less than $ 100 and Cardano is less than $ 0.8.

XRP, the third largest encrypted currency, is currently trading, currently at $ 2.50, which reflects 8.31 % profit during the past 24 hours. With a maximum of 145.42 billion dollars, XRP witnessed a significant increase in trading volume, reaching 10.53 billion dollars, which represents an increase of 256.45 % in the same period.

The Coindcx Research Team said that Solana is testing one of the central resistance at $ 133, and if it can secure this range, the height may be to $ 150 imminent. In general, the feelings of the market turned into a rise, which hints towards a long upward trend for the rest of 2025.

In a historic victory for the encryption space, the Supreme Education Council dropped a lawsuit against Ripple; However, the CEO still weighs an intelligent appellant to recover $ 125 million sitting in the guarantee. On the other hand, the Federal Reserve remained inflation rates unchanged between 4.25 % and 4.50 %. Federal Reserve Chairman Jerome Powell, the definitions imposed by the president also affected inflation rates.

Moreover, the first Solana ETF is launched in the United States tomorrow, hinting towards the possible Sol Bull tour.

XRP has witnessed a price increase by approximately 11 %, reaching $ 2.52, after the CEO of Ripple Brad Garlinghouse announced that the US Securities and Stock Exchange Committee (SEC) has dropped its appeal in the ongoing lawsuit against the company. During the New York digital assets summit, Garinghouse addressed a legal battle of approximately four years, as CNBC reported. This development led to the XRP price jump.

Avinash Shekhar, co -founder and CEO, PI42 said that Bitcoin and the total encryption space continue to recover after maintaining the interesting interest rates that have not changed. Investors expect the highest level ever in the second quarter, driven by Duofish signs from Jerome Powell and increase institutional demand. Bitcoin’s accumulation has increased by $ 13 billion over a period of three days, indicating strong investor morale. Bitcoin has touched the highest level during the day, $ 8,470, temporarily on support from mitigating financial conditions and political support.

“Bitcoin is currently trading near 85,883 dollars, an increase of 3.6 % during the last day. The net flows have entered a positive area, as it represents a change in feelings with ETHEREUM sympathy as well. With high liquidity of two months, matters can be essential in the event of sympathy. Increasing the delicacy of the investor.”