XRP surged over 7.5% to $2.46 after the SEC announced it would not pursue its appeal against Ripple, alleviating regulatory concerns.

In contrast, Bitcoin's price dropped from $84,500 to $81,300, likely due to a sell-off ahead of the Federal Open Market Committee (FOMC) meeting.

The FOMC is expected to keep interest rates steady until at least June, contributing to market uncertainty.

Market analysts advise traders to remain vigilant as volatility is anticipated to persist in the coming weeks.

Despite a bullish outlook, analysts warn that inflationary pressures may continue due to higher labor costs and protectionist policies.

Crypto research strategist Matt Mena noted that declining inflation could lead to accelerated rate cuts, potentially benefiting Bitcoin and other risk assets.

However, if the Fed maintains a hawkish stance, a sustained recovery in crypto prices may be challenging amid ongoing economic uncertainties.

Technological advancements, like the upcoming Pectra upgrade for Ethereum, are expected to enhance scalability and user experience, fostering optimism.

Congress is actively working on a stablecoin bill, with hopes for it to be finalized soon, alongside progress on broader crypto legislation.

Analysts suggest Bitcoin is in bear market territory, predicting either sideways trading or further declines due to prevailing bearish sentiment.

Despite recent challenges, a decrease in seller volume has allowed buyers to enter the market, although significant buyer volume is necessary for a sustainable upward trend.

Overall, the cryptocurrency market remains in flux, presenting both challenges and opportunities as investors adjust their strategies based on real-time price movements.