💰 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
XRP Rebounds With 4.98% April Rally After Three-Month Losses
The data shows XRP projecting a 4.98% monthly return for April, marking a decent recovery from the prolonged losses recorded in previous Aprils.
XRP defiles April losing streak
Despite being one of the best-performing months in the history of XRP, April has seen XRP suffer consecutive losses in the past three years
Historically, April has showcased a mixed but predominantly positive outlook. It has consistently demonstrated a favorable performance for XRP, with an average monthly return of 24.8% across several years.
However, the last three Aprils have witnessed declines in XRP's returns. The years 2022, 2023, and 2024 maintained a recurring downtrend, noting significant losses of 27.8%, 12.4%, and 20.8%, respectively.
XRP price outlook for May
The data also shows that XRP’s rebound in April has marked a notable recovery from the persisting declines experienced in February and March 2025, recording 29.3% and 2.52% losses, respectively.
The buzz around the approval of XRP futures ETFs, increased whale accumulation, and the network’s regulatory clarity with the SEC has fueled a bullish momentum, driving its trading volume above $2.4 billion, according to CoinMarketCap.
After dipping massively to as low as $2.16 recently, XRP has bounced above key resistance levels and is holding strong at $2.2. If the current bullish trend holds, XRP might be up for a major surge in May.
While XRP’s potential performance in May remains uncertain, bullish sentiments on the asset have continued to rise following increased confidence among retail and institutional investors.