XRP has been in a downward trend since its March 11 high of $0.7440. The Relative Strength Index (RSI) is sloping downward at 36. XRP could dip by 2.54% and sweep liquidity at $0.5000, the psychologically important price level for the altcoin.

Ripple co-founder and executive chairman, Chris Larsen, is announcing his support for the Democratic presidential nominee around two weeks ahead of the 2024 US general election.

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The XRP price dropped 1% in the last 24 hours to trade at $0.5447 as of 03:32 a.m. EST on trading volume that rose 24% to $1.1 billion. This comes as Chris Larsen, the co-founder and executive chair of payments firm Ripple,

Just days after drawing flak from the crypto community, Ripple co-founder Chris Larsen is once again under fire after he went public with his support for VP Kamala Harris and donating $10 million in $XRP tokens to her campaign.