XRP Price Eyes a 25% Rebound Ahead of Brad Garlinghouse Statements at Davos Summit

XRP price dropped for seven consecutive days, reaching its lowest level since January 2 as the crypto market crash accelerated. Ripple dropped to $1.8508, down by 21% from the year-to-date high. However, the token may rebound by 25% ahead of Donald Trump and Brad Garlinghouse’s speeches at the World Economic Forum (WEF) in Davos.

Donald Trump and Brad Garlinghouse Statements at Davos

XRP price continued its downtrend this week as concerns about the new tariffs between the United States and other countries like Denmark and the United Kingdom. 

These concerns may start to fade when Donald Trump and Brad Garlinghouse deliver their statements at the World Economic Forum. Trump will likely de-escalate on the Greenland issue, which may help to boost the crypto market.

Meanwhile, Garlinghouse, Ripple Labs’ Chief Executive, will be involved in a panel on Wednesday. The panel will be on the tokenization industry and will include other top leaders like Brian Armstrong of Coinbase and Bill Winters of Standard Chartered.

The topic is important because of the ongoing growth of the industry and the growing market share of XRP Ledger in the sector. Data shows that the Ledger has accumulated over $400 million in tokenized assets, up by 43% in the last 30 days. The biggest RWA networks in XRP Ledger are VERT Capital, Ctrl Alt, and Mercado Bitcoin, which have $268 million, $117 million, and $13.9 million, respectively.

There are other potential catalysts for the XRP price at the World Economic Forum. For example, Ripple Labs is a sponsor for the USA House, together with other companies like Microsoft, Qualcomm, and Pfizer.  

Additionally, Ripple is pitching zk-Privacy infrastructure at the WEF Conference through DNA Protocol, a network powered by the XRP Ledger.

Garlinghouse will also participate in the All In podcast, where he could deliver some major announcements, including on regulations. For example, he will likely address the ongoing beef with Charles Hoskinson, who has accused him of supporting a bill with some major issues.

XRP Price Technical Analysis 

The daily timeframe chart shows that the Ripple price has retreated sharply in the past few weeks, moving from a high of $2.4162 on June 6 to the current $1.900.

It has dropped slightly below the ultimate support level of the Murrey Math Lines tool and the 50-day and 100-day Exponential Moving Averages (EMA).

The Relative Strength Index (RSI) has moved below the key point at 50,  is pointing downwards, and is slowly nearing the oversold level at 30.

Therefore, the Ripple value will likely bounce back after the Trump and Garlinghouse statements at Davos. If this happens, the next key important level to watch will be at $2.4162, its highest level this year, which is about 25% above the current level. This target aligns with the Major S&R pivot point.

However, a drop below the key support level at $1.7660, the triple-bottom level will invalidate the bullish outlook and point to more downside, potentially to $1.500.