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 spread over a possible meeting between the CEO of Ripple Brad Garlinghouse and President elected Donald Trump. This speculation sent XRP, up $ 1 for the first time since November 2021.

Even if Garlinghouse officially met Trump in January 2025, the excitement had already done his job. Between November 26 and December 3, XRP jumped 126%, from $ 1.28 to $ 2.91.

Another large -scale meeting on the way

Now there are speculations that the president and executive co-founder of Ripple, Chris Larsen, should meet the new president of the SEC, Paul Atkins, on May 2, 2025. This next meeting attracted market attention, many hoping that this could bring positive news for XRP.

Will investors wonder-will it be the catalyst that XRP must continue its rally, or will it be again?

XRP testing a crucial price level

At the same time, traders look closely at XRP’s painting as can start. According to the popular market analyst Casitrades, XRP is struggling to stay above a significant level of resistance at $ 2.25.

After failing above this price, XRP began to form smaller waves down. He recently tested the ventilation of $ 2.25 and could now go to another move to $ 2.00.

Short DIP or major correction?

If the price of XRP drops with Momentum, it could briefly reach $ 1.90 – a level that has not been tested since its breakup. This area is also aligned with the main levels of technical support, which could act as a safety net.

However, on shorter deadlines, the relative resistance index (RSI) shows that the market is exhausted, which suggests that any drop could be temporary before another rebound.

Despite these short -term price movements, XRP’s overall perspectives remain positive. If XRP can switch the level of $ 2.25 in support, traders are considering future objectives at $ 2.68, $ 3.00 and beyond.