News 
May 7, 2025 
8 min. 
The crypto market is showing upward momentum on May 7 as anticipation builds around the upcoming FOMC meeting. Investors are closely watching Fed Chair Jerome Powell, who is set to deliver an interest rate update. While no immediate cuts are expected, all eyes remain on his tone, particularly any hints of a dovish shift for June. If Powell signals a potential rate cut, US-based altcoins could emerge as strong contenders, offering significant upside for savvy crypto investors.
Crypto Market Braces for Powell’s Speech as Altcoins Hang in the Balance
All eyes are on the Federal Reserve today, as investors widely expect interest rates to remain steady between 4.25% and 4.50%. However, the real market driver lies in what Fed Chair Jerome Powell will communicate during his post-meeting speech. According to analyst Daan Crypto, the market is less concerned about the rate decision and more focused on the Fed’s tone, which has recently been unpredictable.
“The Fed will likely hold rates, but any shift, dovish or hawkish, could move markets sharply,” Daan noted.
Meanwhile, the CME FedWatch Tool reveals that around 33% of traders currently anticipate a rate cut in June, a number that could fluctuate dramatically based on Powell’s messaging. If his speech leans dovish, crypto investors may rush into US-based altcoins, anticipating a favorable rally driven by risk-on sentiment.
Furthermore, adding to the uncertainty, former President Donald Trump is expected to weigh in on Powell’s remarks and the Fed’s stance. A critical response, similar to last month’s comments that rattled markets, could inject fresh volatility into the crypto space.
On the other hand, if Powell adopts a hawkish tone and signals a firm stance against political pressure, risk assets like Bitcoin and altcoins may suffer. The Commonwealth Bank of Australia echoed this in a note to investors, stating:
“One potential tailwind for the dollar is today’s Fed update: if Chair Powell comes across as hawkish, it could reinforce the Fed’s independence.”
As a result, many traders are turning their attention to US-based altcoins, viewing them as potential outperformers if Powell hints at economic easing or dollar stability.
Top US-Based Altcoins Poised for a Breakout Amid Fed Decision Buzz
With market sentiment shifting ahead of the Federal Reserve’s next move, several US-based altcoins are emerging as strong buy candidates for investors eyeing short-term gains. Notable picks today include Ripple (XRP), Solana (SOL), and Chainlink (LINK), each backed by solid fundamentals and promising technical setups that could fuel a fresh rally.
XRP Eyes Major Breakout Toward $2.94
XRP, in particular, is attracting bullish attention as it hovers near the 50-day Simple Moving Average around $2.17. A successful breakout above this resistance zone could trigger a move toward $2.40, and eventually, open the door for a rally to $2.94. The bullish scenario gains more credibility if the Awesome Oscillator (AO) flips green and shows upward momentum, signaling strong buyer interest in the short term.
Solana Holds Steady Above Key Support, Eyes Breakout Toward $180
Solana (SOL) is showing strong resilience, maintaining crucial support near the $139 level as buying pressure continues to build. The volume histogram reflects sustained bullish interest over the past three sessions, while the Relative Strength Index (RSI) holding above 50 adds confidence to the upward momentum.
In addition, the narrowing Bollinger Bands hint at an imminent price breakout. Should this breakout materialize, SOL could surge past $180, positioning it as one of the top made-in-USA altcoins to keep on your radar.
Chainlink Price Outlook Turns Bullish as Trader Confidence Grows
Chainlink (LINK) is gaining bullish momentum as data from Binance reveals that 65% of futures traders are currently holding long positions. This growing optimism in the derivatives market reflects strong confidence in LINK’s upward potential.
Moreover, as one of the leading USA altcoins, Chainlink is attracting increased attention from investors looking for breakout opportunities. A dovish tone from the Federal Reserve Chair could further accelerate buying interest and drive LINK toward higher price levels.
Conclusion
If Fed Chair Jerome Powell hints at a potential interest rate cut during today’s speech, the crypto market could see a renewed surge in momentum. In such a scenario, several USA altcoins stand out as strong candidates for short-term gains. Ripple (XRP), Solana (SOL), and Chainlink (LINK) are leading the charge, supported by bullish technical indicators and growing interest in futures markets that point to a potential breakout ahead.
Frequently Asked Questions (FAQs)
What are the best US altcoins to consider if the Fed signals interest rate cuts in June?
If the Federal Reserve hints at lowering interest rates in June, some of the best US altcoins to watch include Ripple (XRP), Solana (SOL), and Chainlink (LINK). These assets show strong technical setups and could benefit significantly from renewed investor confidence.
Is it possible for XRP to hit $3 following a Fed rate cut?
Yes, XRP has the potential to reach $3 if the Fed announces a rate cut in June. Currently, the token is testing a key resistance level at the 50-day Simple Moving Average. A breakout could trigger the next bullish wave, making it one of the most promising US altcoins to track.
Why is there a surge in long positions on Chainlink (LINK)?
The increase in long positions on LINK reflects growing trader confidence in its upward momentum. As one of the leading US altcoins, Chainlink is also gaining traction in the Real World Asset (RWA) token space, which further boosts its appeal among futures traders.
