- XRP price increased 126% in November 2024, from $1.28 to $2.91, due to talk of Ripple’s CEO meeting Trump.
- XRP price is stuck at $2.25, might fall to $2.00 or $1.90, but RSI shows it could bounce back soon.
- Ripple’s Chris Larsen meeting SEC Chair on May 2, 2025, could raise XRP’s price if it brings positive news.
XRP price has been making headlines recently. In November 2024, individuals were discussing Ripple’s CEO, Brad Garlinghouse, potentially meeting President elect Donald Trump.
Discussion of the meeting sent XRP’s price soaring 126%, from $1.28 to $2.91 within a week. The meeting eventually took place in later January 2025, but the hype had already sent XRP’s price soaring.
Now, there’s fresh word that Ripple Chairman Chris Larsen will sit down with the SEC’s new chief, Paul Atkins, on May 2, 2025.
People think that this meeting might send the price of XRP soaring, like the false news surrounding Trump. People believe it could bring some clarity regarding certain rules involving XRP, which is seen as a positive sign.
XRP Price Struggles and Outlook
Currently, XRP’s price is hovering around $2.25, a level it can’t seem to break through. A market observer by the name of Casitrades says XRP attempted to hold above $2.25 but began to dip slightly. It went back to testing $2.25 and could decline to $2.00 anytime soon.
If it continues to slide, XRP’s price may reach $1.90, a level it hasn’t visited in quite some time. This area has support, so it could halt the decline. An indicator named RSI indicates the market is exhausted, so any decline may not be sustained, and XRP’s price may recover soon.
Hope Builds Ahead of Crucial Meeting
Despite these fluctuations, individuals are optimistic about XRP. If the price of XRP can remain above $2.25, traders believe it may rise to $2.68, $3.00, or higher. The Larsen Atkins meeting scheduled to take place soon has attracted considerable attention, with everyone wondering if it will impact an upward surge in the price of XRP.
The market is, however, being cautious, understanding that the direction of the price change will not just be determined by the meeting’s outcome but also by the overall market dynamics. The XRP price and the significance of the meeting still keep market players closely attentive at the moment.
Also Read: Recent Crypto Market Roundup: Major Developments and Trends in April 2025
