It's not loading because Windows Defender (or Norton, if you're using that) sees a threat in rxpGtnSim32.dll, which should be in C:\ProgramData\Reality XP\rxpGtnSim32.dll.
By re-installing RXP and explicitly allowing the "threat" to continue, it installed the file as expected. Then I restarted X-Plane and re-launched the GTN 750, and it displayed as expected, too.
From rxpGtnSim.dll.log:
21/02/07 19:08:04.267 16416 - ] # rxpGtnSim64.dll version 2.5.28.0
21/02/07 19:08:04.267 16416 INFO ]
21/02/07 19:08:26.042 16416 INFO ] GTN 750.1 - TRAINER 6624
21/02/07 19:08:26.048 16416 WARN ] A component version required by the application conflicts with another component version already active., code: 000036b8
21/02/07 19:08:26.049 16416 WARN ] rxpGtnSim32.dll v0.0.0.0 (32bits), v2.5.28.0 (64bits)
21/02/07 19:08:26.076 16416 ERROR] GTN 750.1 process not ready: The specified module could not be found., code: 0000007e
21/02/07 19:08:26.077 16416 ERROR] check if file is missing or your antivirus: C:\ProgramData\Reality XP\rxpGtnSim32.dll
21/02/07 19:08:26.250 16416 INFO ] GTN 750.2 - TRAINER 6624
21/02/07 19:08:26.276 16416 ERROR] GTN 750.2 process not ready: The specified module could not be found., code: 0000007e
21/02/07 19:08:26.277 16416 ERROR] check if file is missing or your antivirus: C:\ProgramData\Reality XP\rxpGtnSim32.dll
See this linked image for Windows Security's threat display for the file:
https://onedrive.live.com/?authkey=!AGASoFZWe4j-viM&cid=34AD34E93D66E069&id=34AD34E93D66E069!78433&parId=34AD34E93D66E069!214&o=OneUp
More on the nature of that threat: https://www.microsoft.com/en-us/wdsi/threats/malware-encyclopedia-description?name=HackTool%3aWin32%2fAutoKMS!ml&threatid=2147748160