The rising demand for memecoins amid anticipated altseason has helped Pepe price regain bullish sentiment.
On-chain data shows Pepe has recorded a significant increase in large transaction volume.
The gradual Bitcoin (BTC) price rebound has increased the appetite for risky crypto assets, led by memecoins such as Pepe (PEPE). The anticipated altseason in the coming weeks has increased the speculative FOMO trading across the wider crypto market.
Moreover, the total crypto Open Interest (OI) surged from around $91 billion on April 9 to about $120 billion on Tuesday, April 29. With the global trade negotiations moving in a positive direction, the demand for inflation hedge assets, led by Bitcoin, is expected to grow exponentially in the coming months.
Midterm Expectations for Pepe Price
For the last few weeks, Pepe price has experienced a significant decline in selling pressure. As a result, Pepe price is about to record the first monthly bullish close, if the frog-themed memecoin closes above $0.00000784 in the coming days.
In the daily timeframe, Pepe price has gained bullish sentiment after establishing a robust support level above $0.0000057. Moreover, the daily Relative Strength Index (RSI) has formed a bullish divergence coupled with a double bottom. Additionally, the daily MACD line has already crossed the zero line at the time of this writing.
Market Outlook
According to market data analysis from Intotheblock, Pepe memecoin recorded a $430 million surge in large transaction volume in the last seven days. The mid-cap memecoin, with a fully diluted valuation of about $3.7 billion and a 24-hour average trading volume of around $450 million, recorded a high correlation with Bitcoin price action in the past 30 days.
With Bitcoin’s price on the cusp of a bullish breakout toward a parabolic phase in the near future, it is safe to assume that Pepe’s price is ready for a rally toward a new all-time high.
The U.S. financial world is buzzing after Bill Pulte, director of the Federal Housing Finance Agency (FHFA), hinted on X that Federal Reserve Chair Jerome Powell could be preparing to resign. Pulte described an upcoming “resignation speech,” though he later clarified that Monday’s scheduled address may be unrelated.
His comment, though short and somewhat ambiguous, has set off a wave of speculation. With Powell slated to speak soon, many are wondering: is something bigger going on behind the scenes?
BREAKING: Fed Chair Jerome Powell’s resignation may be imminent…
Federal Housing Director Bill Pulte says his “resignation speech is coming soon.”
Why it matters:
• Markets: A surprise exit could spike volatility as uncertainty hits Wall Street • Interest Rates:… pic.twitter.com/RmlJMwqhH3
This isn’t the first time Pulte has aimed at Powell. Over the past several months, he has criticized the Fed Chair’s approach to monetary policy, including:
Persistently high interest rates
A $2.5 billion renovation project for the Federal Reserve’s headquarters
The overall tightening stance that Pulte says is damaging the housing market
Pulte even drafted a letter urging former President Trump to consider removing Powell and has shown support for an investigation into the Fed’s actions under his leadership.
Growing Tensions Between the Fed and Trump Allies
The remarks also reflect broader political tensions. Trump-aligned officials, including new Treasury Secretary Scott Bessent, have questioned the Fed’s independence and priorities, particularly the decision to delay rate cuts amid signs of slowing inflation.
Although Powell has consistently said he plans to finish his term, which ends in May 2026, the pressure is mounting.
What to Expect From the Upcoming Jerome Powell Speech
For now, there’s no confirmation of a resignation. But with Powell scheduled to speak Monday, the timing of Pulte’s post has sparked fresh interest. Market watchers will be listening closely, not just for policy clues, but for any unexpected announcements.
Whether or not this turns into something bigger, one thing is clear: Jerome Powell’s leadership at the Fed is once again under the microscope.
FAQs
Is Jerome Powell resigning?
There is no official confirmation that Jerome Powell is resigning. However, FHFA Director Bill Pulte hinted at a possible “resignation speech,” which sparked speculation. Powell has publicly stated he intends to serve through the end of his term in May 2026.
What did Bill Pulte say about Jerome Powell’s resignation?
Bill Pulte, director of the FHFA, posted on X about a possible “resignation speech” from Jerome Powell. Although he later clarified the speech may be unrelated, his comment raised questions about Powell’s future at the Fed.
Who could replace Jerome Powell if he resigns?
There’s been no official discussion of a successor. If Powell were to step down, the decision would fall to the President and would likely require Senate confirmation.
When is Jerome Powell’s next speech?
Powell is scheduled to speak on Tuesday, July 22, 2025, at 8:30 a.m. ET at the Integrated Review of the Capital Framework conference in Washington, D.C.
The post Federal Housing Director Signals Possible Powell Resignation Coming Soon appeared first on Coinpedia Fintech News
The U.S. financial world is buzzing after Bill Pulte, director of the Federal Housing Finance Agency (FHFA), hinted on X that Federal Reserve Chair Jerome Powell could be preparing to resign. Pulte described an upcoming “resignation speech,” though he later clarified that Monday’s scheduled address may be unrelated. His comment, though short and somewhat ambiguous, …
Ripple’s XRP token climbed 2.3% on Wednesday, crossing the $2.20 level for the first time in two weeks as ETF optimism gripped altcoin markets. The XRP price breakout follows a sustained consolidation below the $2.10 technical resistance zone that had capped gains since early April.
US SEC Review 72 Altcoin ETF Applications | Source: X.com/EricBalchunas
The broader crypto market witnessed moderate gains midweek, buoyed by expectations of a more favorable regulatory outlook following recent changes at the U.S. Securities and Exchange Commission.
Notably, Ripple price outperformed rival altcoins like BNB and Tron (TRX) on Wednesday. This is attributed to recent comments from Bloomberg’s Chief ETF Analyst Eric Balchunas suggested that the SEC may be nearing decisions on 72 altcoin ETF applications—most notably for XRP, Litecoin (LTC), and Solana (SOL).
Markets now pricing in 30% SOL ETF approval odds
Betting activity on decentralized prediction market Polymarket indicates that crypto investors have priced in a 32% chance of ETF approval for key altcoins. This reflects a 10% increase following the official swearing-in of Paul Atkins—known for his pro-crypto stance—as the new SEC Chair under the Trump administration.
Solana ETF Approval Odds hit 32%, April 24, 2025 | Source: Polymarket
Atkins’ appointment has heightened expectations that the regulatory body will pivot toward a more friendly stance on altcoin etfs in reviews, especially those with established market depth like XRP.
However, the current market structure also carries risks. With such high expectations, traders should be cautious of potential “sell-the-news” dynamics. Strategic investors may seek to offload positions upon official ETF approval, dumping on retail buyers.
Analyst Oscar Ramos $5 prediction remains in play
Technical analyst Oscar Ramos reaffirmed his long-term bullish outlook on XRP earlier this month, predicting the token could reach $5 by the end of 2025. In a video published on April 9, Ramos outlined an Elliott Wave scenario in which XRP completes a long-term bullish breakout, driven by institutional flows and regulatory clarity.
Ripple (XRP) price action, April 9 to April 23 2025 | Source: TradingView
Since Ramos’ prediction, XRP has surged 33% from $1.72 to $2.25, reinforcing confidence in his medium-term thesis. The rally has coincided with heightened interest from ETF speculators and broader anticipation of increased altcoin legitimacy under the new SEC regime.
Should the ETF verdict fall in XRP’s favor and institutional allocations materialize, Ramos’ $5 target could shift from speculative to structurally plausible. However, any delays or unfavorable rulings would likely delay that timeline, reinforcing the caution as market trends remain volatile.
XRP price continues to trade within a cautiously bullish structure after gaining over 33% in the last two weeks, closing Wednesday at $2.2257. Price action on the daily chart suggests a breakout attempt from a tight consolidation range that held since April 10, with XRP briefly testing the upper Donchian Channel band at $2.3010. This level marks immediate resistance, and a daily close above it could validate bullish continuation toward the $2.50 zone.
XRP Price Forecast Today
The 14-day rally, measured from the recent $1.72 swing low, occurred on increasing volume (2.57B) and signals solid market participation, a key condition for sustainable upward momentum.
The RSI-based oscillator (RSiOMA) shows a strengthening trend, with the green RSI line crossing above its moving average and holding near 49, suggesting buyers remain in control, though not yet in overbought territory.
However, failure to breach the $2.30 resistance could expose XRP to a pullback toward the $1.95 midpoint support.
A decisive rejection here may fuel a short-term correction, particularly if broader market sentiment falters or traders sell the news following ETF verdict speculation. For now, the structure leans bullish with an eye on $2.30 as a make-or-break level.
On Wednesday, Robinhood Markets Inc. (NASDAQ: HOOD) reported strong numbers for the first quarter of 2025, surpassing Wall Street expectations. The trading platform attributed the growth primarily to crypto trading, as total revenue reached a record $927 million.
With earnings of $0.37 per share, Robinhood marked a 50% year-over-year increase in revenue.
Crypto Trading Fuels Robinhood’s Record Q1 Revenue
The company’s cryptocurrency trading revenue significantly contributed to this growth, which doubled to $252 million compared to the same period last year.
“This quarter, we significantly accelerated product innovation across our key initiatives, highlighted by the announcement of Robinhood Strategies, Banking, and Cortex. Customers have clearly responded, demonstrated by… robust year-over-year growth in trading across all asset classes,” said Vlad Tenev, Chair and CEO of Robinhood, in a statement.
The surge in crypto trading was fueled by heightened stock market volatility and the renewed interest in crypto with the new administration in Washington. But nothing could match the figures seen during the crypto rally during Trump’s reelection in November 2024. Despite the impressive year-over-year growth, Robinhood’s crypto revenue remained lower than the previous quarter’s $358 million.
In the last quarter of 2024, Robinhood’s revenue grew substantially to reach $1.01 billion, largely driven by a sharp increase in crypto revenue by 700% to reach a whopping $358 million. The marginal drop in the January to March quarter reflected some cooling of the crypto market.
Despite a strong reliance on revenue from crypto trading in recent quarters, Robinhood is planning to diversify its revenue sources. “It’s going to go up and down in terms of trading volumes. We’re diversifying the business outside of the crypto business, which will make us less reliant on crypto transaction volumes,” said Tenev during the earnings call with shareholders, reported Fortune.
Robinhood’s Transaction-based Revenues Grow by 77%
Robinhood also reported that the transaction-based revenues overall rose 77% to $583 million during the last quarter. Options trading revenue also increased by 56% to $240 million, and equities revenue climbed 44% to $56 million. Net interest revenue also saw a 14% uptick, reaching $290 million.
As the results were announced, HOOD’s stock prices rose by around 3% towards the end of the trading session from $47.5 to $49.1 on Wednesday, but remained marginally below the previous day’s close.
Robinhood’s user base expanded to 25.8 million customers last quarter, with monthly active users reaching 14.4 million. However, this figure was slightly below expectations and down from the previous quarter.
In a show of confidence, the company announced a $500 million increase to its share repurchase program, bringing the total authorization to $1.5 billion. Its international is also likely to jump with the acquisition of Luxembourg-based cryptocurrency exchange Bitstamp Ltd. on track to close in the middle of this year.
Robinhood’s above-expectations performance indicates a strong position in the market, particularly in the crypto trading space, despite the inherent volatility.
BREAKING: Fed Chair Jerome Powell’s resignation may be imminent…
Markets: A surprise exit could spike volatility as uncertainty hits Wall Street
Interest Rates:… 
