According to Eugene Cheung, Chief Commercial Officer at OSL, XRP is outperforming major cryptocurrencies with gains amid Bitcoin volatility driven by Israel-Iran tensions and the upcoming Federal Reserve meeting. Bitcoin showed price swings from $108,000 to $106,500 due to profit-taking but rebounded above $107,000, with BTC ETFs absorbing shocks through $1.4 billion in net inflows. Jeff Mei, COO at BTSE, expects the Fed to hold rates steady, citing easing inflation and strong jobs data, while Augustine Fan, Head of Insights at SignalPlus, noted potential dovish signals that could influence crypto markets. Ether rose 1.5% but trailed Bitcoin, and Solana and Tron held firm, though traders remain cautious.

According to Nicolai Søndergaard, Nansen research analyst, BTC remains the dominant market leader, with its price rising to $108,600 amid institutional catalysts. JPMorgan filed a trademark for digital asset services, boosting crypto sentiment, while Purpose's upcoming spot XRP ETF in Canada drove XRP gains of 6-7%. Bitfinex analysts noted that BTC's rebound from $102,000-$103,000 support could signal recovery potential. Swissblock emphasized that Fed Chair Powell's tone, not the rate decision, will drive market volatility across risk assets.

According to Omkar Godbole (@godbole17), $BTC experienced notable price volatility following the latest Fed meeting, with intraday swings impacting both support and resistance levels (source: Twitter, May 7, 2025). Traders are advised to closely monitor macroeconomic cues from the Federal Reserve, as these events historically trigger short-term momentum shifts in Bitcoin. Recent price action suggests increased sensitivity to policy statements, reinforcing the importance of risk management and timely entries for crypto traders seeking to capitalize on post-Fed volatility.

According to Michaël van de Poppe (@CryptoMichNL), both crypto and altcoin markets historically tend to experience corrective moves in the week leading up to the Federal Reserve (FED) meeting. He notes that this pattern often concludes by Tuesday, after which a potential upward price movement is observed. Traders should monitor key support levels and prepare for possible volatility as the correction phase ends and bullish momentum may return. Source: Michaël van de Poppe on Twitter (May 4, 2025).