The cryptocurrency market is buzzing today following Federal Reserve Chair Jerome Powell’s dovish remarks at the Jackson Hole Economic Symposium, igniting a rally across major assets. Ethereum led the charge, shattering its previous record to hit an eye-watering new all-time high above $4,880 with substantial gains. Bitcoin followed suit, climbing 4.2% to reach $117,220, while XRP bounced back to trade around $3.05. The ripple effect of this bullish sentiment continues to push the broader crypto market upwards, but the ongoing SEC lawsuit against XRP casts a shadow over investor optimism. XRP has struggled to hold momentum after encountering resistance from consolidation, with traders keeping a watchful eye on key support at $2.77 and resistance at $3.21.