XRP Soared 126% After Garlinghouse-Trump Rumors, Will Larsen’s SEC Meeting Do the Same on May 2?

XRP made the headlines in November 2024 when rumors unfold over a attainable assembly between Ripple CEO Brad Garlinghouse and President-Elect Donald Trump. This hypothesis despatched XRP previous $ 1 for the primary time since November 2021.

Though Garlinghouse formally met Trump in January 2025, the thrill had already accomplished his work. Between November 26 and December 3, XRP jumped an enormous 126percentand climbed from $ 1.28 to $ 2.91.

One other controversial assembly on the highway

Now there are speculations that on 2 Could 2025 Ripple’s government chairman and co-founder Chris Larsen will meet the brand new SEC chairman, Paul Atkins. This upcoming assembly has drawn the eye of the market, with many hope that it might ship optimistic information for XRP.

Buyers surprise – will this be the Catalyst XRP to proceed his rally, or will it fall brief once more?

XRP take a look at an important value degree

On the identical time, merchants hold an in depth eye on the graph of XRP when Could begins. In response to the favored market analyst Casitrades, XRP is struggling to remain above an essential degree of resistance at $ 2.25.

After he didn’t reach holding it above this value, XRP started to kind smaller waves down. It just lately examined the demolition of $ 2.25 again and now maybe on the best way to a brand new motion to $ 2.00.

Quick dip or giant correction?

If the value of XRP drops with Momentum, this could hit $ 1.90 for a short while – a degree that has not been examined for the reason that outbreak. This zone additionally goes out with essential technical assist ranges, which might act as a security web.

On shorter timetables, nevertheless, the relative power index (RSI) reveals that the market is exhausted, which suggests that every dip may be briefly earlier than a distinct bouncing.

Regardless of these brief -term value actions, the final prospects for XRP stay optimistic. If XRP can put the extent of $ 2.25 into assist, merchants have a look at future objectives at $ 2.68, $ 3.00 after which.