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

XRP made headlines in November 2024 when rumors spread about a possible meeting between Ripple CEO Brad Garlinghouse Brad Garlinghouse   Brad Garlinghouse is an American businessman and a major crypto influencer. He is the CEO of Ripple Labs, which offers cryptocurrency and blockchain solutions. Brad has also worked at Hightail, AOL, and Yahoo in prominent positions.   Ripple Labs has backed several blockchain startups and investors to grow decentralized finance. Brad sees crypto as a tool for financial freedom and has worked with other influencers in this regard.   Quick Facts   Full Name Bradley Kent Garlinghouse Birth 06-02-1971, in Topeka, Kansas Nationality American Education Bachelor's degree in Economics, MBA from Harvard Business School. Net Worth $10B (Refer here)   Ripple's native token, XRP is among the top digital assets. As per CoinGape, Brad's company has $100 billion worth of XRP tokens in its reserve. This will help further innovation in Web3 and blockchain projects. As per reports surfing on Binance’s blog, Brad Garlinghouse may step down as CEO of Ripple to join the Crypto Advisory Council, which is led by President Trump. This significant event will boost the adoption of decentralized finance and blockchain growth.   Brad Garlinghouse: Trivia   2007: Served as Senior VP at Yahoo!, heading communications and consumer products. 2012: Became CEO of Hightail, leading digital file-sharing innovations. 2015: Joined Ripple as COO to push blockchain adoption in cross-border payments. 2017: Became CEO of Ripple, driving XRP adoption and blockchain partnerships. 2020: Led Ripple’s defense against the SEC lawsuit over XRP’s security status. 2021: Expanded Ripple’s ODL (On-Demand Liquidity) network for global crypto payments. 2023: Got a partial success against the SEC, declaring XRP as not a security. 2024: Continue leading Ripple in CBDC collaborations and global blockchain finance. 2025: May join Trump's Crypto Advisory Council to set regulations.   Notable Works & Achievements by Brad Garlinghouse   Year Achievements Details 2003 Wrote the 'Peanut Butter Manifesto' at Yahoo! Highlighted Yahoo!'s lack of focus in operations. 2015 Joined Ripple as Chief Operating Officer Took measures to integrate blockchain technology into banking systems. 2017 Appointed CEO of Ripple Expanded Ripple's global partnerships, enhancing cross-border payment solutions. 2020 Named in Forbes' List of Wealthiest in Cryptocurrency Recognized for significant contributions to the crypto industry. 2023 Legal Victory in SEC vs. Ripple Case Achieved a favorable ruling impacting cryptocurrency regulations.   Useful Links To Connect with Brad Garlinghouse   Platform  Link X (formerly Twitter) https://twitter.com/bgarlinghouse LinkedIn https://www.linkedin.com/in/bradgarlinghouse Ripple’s Website https://ripple.com/leadership/brad-garlinghouse/     EntrepreneurInvestorChief Executive OfficerBoard Member and President-elect Donald Trump. This speculation sent XRP soaring past $1 for the first time since November 2021.

Even though Garlinghouse officially met with Trump in January 2025, the excitement had already done its job. Between November 26 and December 3, XRP jumped a massive 126%, climbing from $1.28 to $2.91.

Another High-Profile Meeting on the Way

Now, there are speculations that Ripple’s Executive Chairman and co-founder Chris Larsen Chris Larsen Chris Larsen is an American business executive and angel investor best known for co-founding several Silicon Valley technology startups, including one based on peer-to-peer lending. In 1996, he co-founded the online mortgage lender E-Loan. In September 2013, OpenCoin changed its name to Ripple Labs, Inc., with Larsen remaining CEO.  Details: Organization: RipplePayments Location: United States Education: Graduated from San Francisco State University with a degree in International Business and Accounting Skills: Development and Project Team Management Experience: Chief Executive Officer at Ripple from Sep 2012 - Present FAQ's 1. When was Ripple founded? In 2012, Larsen co-founded Ripple Labs. 2. What is the net worth of Chris Larsen? Chris Larsen's Net Worth Is Up $6 Billion       InvestorChief Executive Officer is set to meet with the new SEC Chair, Paul Atkins, on May 2, 2025. This upcoming meeting has caught the market’s attention, with many hoping it could bring positive news for XRP.

Investors are wondering — will this be the catalyst XRP needs to continue its rally, or will it fall short again?

XRP Testing a Crucial Price Level

At the same time, traders are watching XRP’s chart closely as May kicks off. According to popular market analyst Casitrades, XRP is struggling to stay above an important resistance level at $2.25.

After failing to hold above this price, XRP began forming smaller waves downward. It recently back-tested the $2.25 breakdown and might now be heading for another move down to $2.00.

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•   Ripple Allegedly Launches XRP Rewards For Loyal Supporters as Token Eyes Key Price Breakout
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Short Dip or Major Correction?

If XRP’s price drops with momentum, it could briefly hit $1.90 — a level that hasn’t been tested since its breakout. This zone also lines up with key technical support levels, which could act as a safety net.

However, on shorter timeframes, the Relative Strength Index (RSI) shows the market is exhausted, suggesting that any dip might be temporary before another bounce.

Despite these short-term price movements, the overall outlook for XRP remains positive. If XRP can flip the $2.25 level into support, traders are eyeing future targets at $2.68, $3.00, and beyond.

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