XRP Seeks Recovery After Plunge; Ripple CEO Meets Trump at Strategy Dinner

• XRP Faces Resistance After Drop to $2,27.
• Ripple CEO upbeat about meeting with Trump.
• On-chain indicators predict possible XRP recovery.

On Tuesday, the cryptocurrency market saw a significant price movement in XRP, which saw a 9% drop to $2,28. This drop occurred after investors failed to break above the $2,50 resistance threshold.

On-chain analysis indicates increased selling pressure among long-term XRP investors, especially ahead of Donald Trump’s inauguration. At press time, the price of XRP was trading at $2,35, up 3% in the past 24 hours.

On the same day, a high-level meeting also caught the industry’s attention. Ripple CEO Brad Garlinghouse and the company’s chief legal officer Stuart Alderoty had a private meeting with President Donald Trump. The content of the dinner conversation remains unknown, but Garlinghouse expressed optimism for the near future, particularly by 2025.

Great dinner last night with @realDonaldTrump @s_alderoty .

Strong start to 2025! pic.twitter.com/UjM6lahUG4

— Brad Garlinghouse (@bgarlinghouse) January 8, 2025

Recent data from Coinglass reinforces a promising outlook for XRP. Over the past two months, altcoin volumes flowing to exchanges have grown significantly, reaching their highest levels of the year. This increase suggests increased investor activity, which may be positioning itself for significant market moves.

This XRP activity is consistent with an increase in net inflows into altcoins, which has historically been associated with an increase in trading volumes. Such a phenomenon could drive a recovery in XRP’s price in the near future, suggesting a potential rally.