💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
#GT# #BTC# #XRP# #ETH# #DOGE# . 🚨🌐💸🔮🎯💰📊✅🚀
Current price and overall performance
Current price: about $2.18, with slight fluctuations over the past 24 hours.
Market capitalization: Approximately $128.5 billion, making XRP rank fourth among cryptocurrencies in terms of market capitalization.
Daily trading volume: Ranges between 1.2 and 1.5 billion dollars, indicating moderate trading activity.
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📉 Current Technical Analysis
Technical indicators suggest selling pressure on XRP:
Relative Strength Index (RSI): at 44.5, indicating a selling condition.
Stochastic Indicator (Stochastic): at 39.3, indicating a selling condition.
MACD Indicator: at -0.004, indicating a selling condition.
ADX Indicator: at 28.36, indicating a selling condition.
Overall, most technical indicators show strong sell signals, indicating the likelihood of a continued downward trend in the short term.
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📊 Future Predictions
May 2025: Predictions indicate a potential decline in the price of XRP by 22.45% to around $1.72 by the end of the month.
June 2025: Some analysts expect the start of a new upward wave in June, especially if the resistance level at $2.30 is broken.
In the long term: forecasts suggest that the price of XRP may reach $7.50 by 2035, representing a total return of 240% over the next decade.