After Trump announced new tariffs, the stock market fell sharply, but the Fed has not yet decided to change its interest rate.

Jerome Powell, president of the Federal Reserve, announced at the annual conference of the association for advanced business editing and writing that the Fed will not change its policies until it reaches greater transparency about economic conditions.

He added that it was not yet a good time to change interest rates and that the economic situation should be more awaited. The Fed stressed that new tariffs may cause more inflation and slower economic growth. However, their aim is to keep long-term inflationary expectations steady.

Nevertheless, just before Powell's speech, Trump criticized him in a tweet calling for a cut in interest rates, saying it was the right time to take the action.

It's worth noting that Trump's new tariffs have had a huge negative impact on global markets and have led to stock sales. Meanwhile, JPMorgan predicts that if tariffs continue, the chances of a global recession will increase to 60 percent.

While stocks fell, Bitcoin (BTC) remained above 83,000 despite the pressures,performing better than traditional stock and gold markets.

In addition to Bitcoin, Ripple (XRP) has also grown 12 percent over the past two days to 2.12, driven by new purchasing pressure and Chinese tariffs against the United States, which have caused a lot of volatility in the market.

The rally has been accompanied by bullish signals such as intersections in the MACD index. Now, if the upward trend continues and the acceleration of bitcoin is maintained, the price of XRP could reach 2.58.