💰 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
May 2025 XRP Outlook: Price Prediction and Key Market Trends
As May 2025 unfolds, the fourth-biggest cryptocurrency, XRP, is navigating a pivotal phase, with its price hovering around $2.16. This period is marked by significant developments, particularly the resolution of Ripple’s prolonged legal battle with the U.S. Securities and Exchange Commission (SEC).
Following the last January Crypto News Flash (CNF) 2025 XRP Price Outlook, the post offered insight with the possibility of XRP maintaining its bullish trajectory. Currently, XRP is trading within a narrow range, facing resistance around $2.25. Technical analyses suggest that a breakout above this level could propel the price towards $2.60–$2.80 in the near term.
Ripple-SEC Lawsuit Resolution: A Turning Point
According to recent reports, after years of litigation, the SEC has officially dropped its appeal against Ripple, culminating in a $125 million settlement.
This outcome is widely regarded as a substantial victory for Ripple and the broader cryptocurrency industry, providing much-needed regulatory clarity. As shared in a personal X account, Vincent Van Code highlighted:
The conclusion of this case has bolstered investor confidence, as evidenced by XRP’s ascent to the third-largest cryptocurrency by market capitalization.
Market Dynamics and Price Trajectory
Perhaps, as CNF highlighted, in the meantime, XRP was also set for a major utility upgrade. Brad Garlinghouse, CEO of Ripple, coined that XRP commits as the financial system facility as shared in a recent tweet.
As of now, XRP is trading at $2.16 USD, reflecting a 1.72% drop over the past day. Some anticipate a 20% rally followed by a consolidation phase, while others envision a more substantial surge, potentially reaching $4.35 by June, contingent on market momentum and investor sentiment. See XRP price chart below.