XRP Price Outlook as John Deaton Accepts Ripple Donations for Massachusetts Senate Campaign

XRP price has rebounded alongside the rest of the crypto market today, May 19, after a 0.14% gain to $1.38. XRP might edge higher as the November 2026 midterm elections near because it is being used to donate to campaigns. This is after John Deaton accepted a donation in XRP from David Schwartz as he vies to become the next Senator for Massachusetts.

Deaton Accepts Donations in XRP for Massachusetts Senate Race

The former CTO at Ripple, David Schwartz, recently sent some XRP to Deaton, but he did not disclose the amount. The donation comes after six years of Deaton being an advocate for Ripple since the SEC sued the company in December 2020.

On May 15, Deaton went to X and asked for people to donate small amounts to help him campaign to be the next Senator of Massachusetts during the November 2026 elections.

“This campaign is powered by hardworking people giving 25 bucks, 50 bucks, 100 bucks at a time because they believe Massachusetts deserves better,” he said.

Deaton had vied for this Senate position in November 2024, but Elizabeth Warren won. Warren is not vying again in November 2026. This gives Deaton a chance to win, adding another pro-crypto senator to the US Senate.

More people holding XRP will likely donate to Deaton because of how vocal he was in pushing the SEC to drop the lawsuit against Ripple.

XRP Price Outlook as Bullish Triangle Holds

XRP price has gone from $1.50 on May 15 to $1.38 at the time of writing. This is an 8% fall in five days. But this 8% fall has not taken XRP out of a rising triangle

The rising triangle is formed with higher lows and a resistance at $1.48 that Ripple is not breaking. From the first low of $1.28 to this resistance, there is a 16% gap. That means that if XRP can go past $1.48, it will reach $1.72.

The SMA might be helping support at $1.37 to hold because the 50-day SMA has met with the 100-day SMA. This happened before in June 2025, and the price of XRP went from $2.12 to $3.66 in one month.

The RSI reading of 44 is creating concern because it shows that bulls are losing grip. This reading is a sign that the momentum is bearish, and this could push XRP from the rising triangle and cause a fall to $1.28.

A previous CoinGape XRP price analysis had established resistance at $1.48 that might break on June 8 after the CME launched a NASDAQ crypto index that has XRP.

Futures Traders Bet on an Price Crash

XRP price remains on a bullish path because of the rising triangle, but many traders are expecting that the support of $1.37 will not hold, and it might fall to $1.28.

Coinglass shows that the long/short ratio for XRP has fallen to 0.71, and this is the lowest since July 2025. It has fallen right after Goldman Sachs sold XRP and reduced its positions on crypto.

This long/short ratio reading of 0.71 shows a bearish sentiment, but it also creates the risk of short sellers buying in case the price remains above $1.37 and the 16% rally shown by the triangle plays out.