Amid the Trump tariffs and calls for rate cuts, Federal Reserve Chair Jerome Powell has met with US President Donald Trump for the first time in the president’s second term. Trump has heavily criticized Powell these past few weeks, while urging the Fed Chair to cut interest rates. Jerome Powell Meets With Donald Trump According to a Federal Reserve statement, the Fed Chair met with Trump today at the White House at the president’s invitation. The duo discussed economic developments, including growth, employment, and inflation. The statement noted that Jerome Powell didn’t discuss his expectations for monetary policy, except for emphasizing that the path of policy will depend entirely on incoming economic information and what that means for the outlook. Meanwhile, the Fed Chair also mentioned that he and his colleagues on the FOMC will set monetary policy, as required by law, to support maximum employment and stable prices. They… Read More at Coingape.com
XRP is up 7% over the last week of April, but May 2025 could bring even bigger moves as major catalysts line up. Key metrics like NUPL and active addresses show a market at a crossroads, with strong optimism and warning signs.
Hype around ETF approvals has stirred volatility, and real institutional inflows could decide XRP’s next major trend. Traders should prepare for a month where both sharp rallies and deep corrections remain firmly on the table.
XRP NUPL Signals Rising Confidence, but ETF Rumors Stir Volatility
XRP Long-Term Holders Net Unrealized Profit/Loss (NUPL) is currently at 0.73. This places it firmly in the “Belief – Denial” stage of the market cycle. The indicator measures the average unrealized profit among long-term holders.
It has been stuck in this zone since March 27, over a month ago. In general, NUPL values above 0.75 indicate “Euphoria—greed.”
Readings between 0.5 and 0.75 show belief that prices can rise, but there is also the risk of denial if momentum weakens.
The current value has risen from 0.68 three weeks ago to 0.73 today. Long-term XRP holders are seeing larger paper gains. Still, the market could soon face a critical moment where either continuation or a correction emerges.
Rumors about an SEC-approved spot XRP ETF have recently caused confusion, adding more fuel to market volatility. In reality, only ProShares’ leveraged and short XRP Futures ETFs were approved to begin trading on April 30. A true spot ETF has not been approved.
Although the futures approval is seen as a positive step for XRP’s long-term legitimacy, spreading false information has damaged investor confidence. It has also created unnecessary instability.
Some experts predict that a future spot ETF could eventually drive up to $100 billion in capital inflows into XRP. However, until that happens, volatility driven by rumors and miscommunication remains a major risk for the token.
XRP User Engagement Slows as Active Addresses Stay Below 200,000
XRP’s 7-day active addresses have dropped significantly, currently at 147,000, compared to their all-time high of 1.22 million, which reached March 19.
Monitoring active addresses is crucial because it offers real-time insight into user engagement, transaction volume, and overall ecosystem health—lower address activity often signals waning interest, reduced transaction flow, and a softer foundation for sustained price growth.
Since April 1, XRP’s 7-day active address count has consistently stayed below 200,000, reinforcing that user activity has yet to recover fully.
While the drop does not necessarily mean a major price collapse is imminent, it highlights a critical point: strong rallies are often backed by growing network participation.
Without a meaningful pickup in active addresses, XRP could struggle to maintain momentum or ignite a new bullish phase soon.
XRP ETF Approval Could Trigger 49% Rally, But Downside Risks Remain
The final approval of a Spot XRP ETF could become a major catalyst for the token’s price. It would potentially unlock significant institutional inflows. Recently, the world’s first XRP ETF began trading in Brazil.
Experts predict that, if real demand follows the approval like it did with Bitcoin, XRP price could rally sharply. The next major upside target is $3.40, representing a 49% increase from current levels.
This move would be driven by fresh inflows, greater mainstream acceptance, and a tightening supply as more investors gain direct exposure through regulated channels.
On the downside, if momentum fails to recover and a strong downtrend takes hold, it could face a sharp correction. A break below the psychological $2.00 level would expose the token to deeper losses, with the next major support around $1.61.
Such a move would imply a 29% drop from current prices, reflecting a scenario where optimism around ETFs fades and selling pressure takes over.
In this case, XRP could remain stuck in a broader consolidation or bearish phase until stronger catalysts appear.
The crypto market has been making steady gains in the last two weeks as the macroeconomic uncertainty from the ongoing US-China trade war weakens the dollar while making Bitcoin and altcoins more appealing to traders. Amid minimal chances that the two economic giants will reach a trade deal soon, crypto traders are seeking the best altcoins to buy to position themselves for gains.
Trump’s Trade Negotiations with China May Fail – Time to Buy Altcoins?
A New York Times report has stated that China will only hold talks with US officials if tariffs are cancelled first, a move that has seen traders buy altcoins to hedge against macro uncertainty. According to China’s Commerce Ministry,
“If the United States does not correct its wrong unilateral tariff measures, it means that the United States has no sincerity at all and will further damage the mutual trust between the two sides.”
This statement indicates a lack of resolution in the near term, which is exerting downward pressure on the US dollar, with the DXY plummeting to the lowest level in more than four years. As the dollar weakens, the Federal Reserve may trim interest rates despite data from CME FedWatchTool showing that 97% of investors do not expect rate cuts at the May 7 FOMC meeting.
CME FedWatch Tool
If the Fed is pressured to trim rates given the current conditions around tariffs, the greenback will likely plunge further, and this will bolster demand for assets like gold, silver and Bitcoin, with BTC already surging by 14% in the last two weeks. Altcoins, including Solana, Fartcoin and SUI, have also been making notable gains, making them good tokens to buy.
Altcoins to Watch Amid Tariff War
The altcoins that are on top of the leaderboard and have the potential to make 10x gains amid the ongoing tariff war include SOL, FARTCOIN and SUI. Let’s explore why.
Solana (SOL)
Solana trades at $148 today with a slight 1.21% decline in 24 hours, and one of the reasons why it is among the top altcoins to buy is its resilience in 2025 despite macro concerns. Moreover, SOL’s daily chart shows that the altcoin has created a W pattern, which supports a bullish Solana price prediction if it can defend support at $148. If SOL bounces above $150, it faces the next resistance at $180, after which the rally might extend to $270.
SOL/USDT: 1-day Chart
Sui (SUI)
SUI has been making waves across the crypto market recently as one of the altcoins to watch because of a surge in blockchain activity. Data from DeFiLlama shows that last month, SUI added $4 billion to its DEX volumes, causing an over 45% price gain. If this metric surges again this month as traders flock to this altcoin due to tariffs, it may register more gains.
SUI DEX Volumes
Fartcoin (FARTCOIN)
The other altcoin to buy is FARTCOIN, which is currently one of the top-performing meme coins. The token trades within an ascending parallel channel, suggesting that a bullish momentum is in play. This bullish strength is also confirmed by the rising RSI, and if FARTCOIN can overcome resistance at $1.29, the meme coin eyes a parabolic rally to $2.75.
FARTCOIN/USDT: 1-day Chart
Summary of Top Altcoins to Buy
The ongoing tariff war between China and the US has fueled speculation that assets like gold, silver, Bitcoin, and altcoins are the best options to buy as the US dollar extends its downward trend. SOL, SUI, and FARTCOIN are some of the top altcoins that are outperforming the rest of the crypto market despite hurdles in President Trump’s negotiations with China.
In a recent development, Bo Hines, the Presidential Digital Asset Advisory Committee’s Executive Director, shed light on the United States’ Bitcoin reserve strategies. He asserted that the US should strengthen its Bitcoin accumulation to bolster its crypto lead.
Notably, the US is considering multiple strategies to bolster its Bitcoin reserve without burdening taxpayers, potentially utilizing tariff revenue or revaluing government-held gold certificates. Let’s break down the Trump government’s crypto policies through the lens of Bo Hines.
Bo Hines Commends Trump’s Bitcoin Reserve Strategies
In a recent interview, Bo Hines, the Executive Director of the Presidential Digital Asset Advisory Committee, provided a detailed insight into the US’ crypto policies. Hines acknowledged President Trump’s commitment to transforming the US into a crypto capital, fulfilling his campaign pledge.
US To Accumulate More Bitcoin
Bo Hines added that the government is exploring multiple ways to solidify the country’s position as a global leader in crypto. While adopting a Bitcoin reserve remains key to the US’ lead, the government is accumulating more BTCs. He stated,
We’re looking at many creative ways, whether it be from tariffs, there’s literally countless ways in which you can do this… Everything is on the table, and like we’ve said, we want as much as we can get, so we’re going to make sure that no stone is unturned.
Bo Hines Targets Infinite Bitcoin in US Reserve
Significantly, Bo Hines envisions the US accumulating “infinite” Bitcoins for its national reserve. He believes that assets with inherent value, like Bitcoin, should be acquired in the largest quantities possible. He stated, “Anything else with an intrinsic store of value—you want as much as you can possibly accumulate. It’s no different with Bitcoin.”
Bo Hines highlights the US’s ambition to become a global crypto leader, with other countries potentially following suit. Trump signed an executive order to establish a Bitcoin reserve, inspiring other nations like Russia to adopt similar strategies.
The crypto advisory head further cited, “I’m sure other countries will be chasing us as we continue to push forward and welcome this technological innovation. I think you’ll see other world leaders follow suit very quickly.”
