XRP Soars and Future Predictions
In November 2024, XRP shocked the market with rumors about a meeting between Ripple CEO Brad Garlinghouse and President-elect Donald Trump. This excitement pushed XRP's price above $1 for the first time since November 2021. Although Garlinghouse officially met Trump in January 2025, the buzz had already played its role. From November 26 to December 3, XRP surged significantly by 126%, from $1.28 to $2.91.
The Next Promising Meeting
Currently, there are rumors that Ripple's Chairman and co-founder Chris Larsen will meet with the new SEC Chairman, Paul Atkins, on May 2, 2025. This meeting has attracted market attention, with many hoping it will bring positive news for XRP. Investors are wondering if this is the necessary catalyst for XRP to continue its growth, or if it will once again slide.
XRP Tests Important Price Level
In early May, traders are closely watching the XRP chart. According to market analyst Casitrades, XRP is struggling to hold above the important resistance level at $2.25. On May 1, #XRP approached one of the most critical structural levels on the chart – $2.25. After failing to maintain above this level, XRP began to create small downward waves.
Mild Drop or Major Correction?
If XRP's price drops sharply, it could touch $1.90 – a level that hasn't been tested since the breakout. This area also coincides with important technical support levels, which could serve as a safe barrier. However, in the shorter time frame, the Relative Strength Index (RSI) shows that the market is exhausting, suggesting that any price drop may only be temporary before a rebound.
Despite short-term fluctuations, the overall outlook for XRP remains positive. If XRP can turn the $2.25 threshold into support, traders are targeting future goals at $2.68, $3.00, and beyond.
Source: https://tintucbitcoin.com/xrp-tang-vot-126-nho-tin-don-cuoc-hop-sec-sap-toi/
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