Chris Larsen, the co-founder and executive chairman of Ripple, has endorsed Vice President Kamala Harris for president. Larsen, along with 87 other top executives from various industries, signed the endorsement letter. Notable signatories include Aaron Levie, co-founder and CEO of Box, and Jeremy Stoppelman, CEO of Yelp. The letter hints at Harris’s dedication to promoting business stability, innovation, and fair regulations.
“Kamala Harris has shown a strong commitment to advancing policies that support innovation and economic growth,” Larsen commented.
This endorsement is timely for several reasons. Firstly, it demonstrates that Harris has the backing of influential business leaders, which can enhance her credibility and support among voters. Secondly, it amplifies the growing influence of the crypto industry in politics. As digital currencies like XRP gain more ground, leaders in this sector are getting more sway.
“We believe that Kamala Harris is the right leader to guide us through these challenging times,” Larsen hinted.
Chris Larsen’s endorsement of Kamala Harris for president is a big event in both the political and cryptocurrency arenas. It shows that influential business leaders have faith in Harris’s vision and leadership. As the election nears, endorsements like these could play a chief role in shaping the country’s future.
Ripple Labs Secures Regulatory Victory and XRP Price Predictions
In other news, Ripple Labs has secured a significant regulatory victory as US District Judge Analisa Torres partially granted and denied the SEC’s motion for remedies and final judgment. This ruling clarifies the use of On-Demand Liquidity (ODL), potentially fueling Ripple’s expansion. As a result, the Ripple price has surged 7.28% over the past month. If a bullish reversal occurs, XRP may break through the $0.60 barrier and approach $0.690. Will XRP reach $1? Read on for our price target analysis.
XRP Price Prediction for September 2024
XRP price, Source: Coinfomania
Amidst increasing price volatility, XRP has recorded a 24-hour price change of -2.21% with a trading volume of $929.8 million, priced at $0.602 with a forecasted increase of 9.96% to $0.636 by 10 September 2024. It has also experienced a negative price action over the past week, with a year-to-date (YTD) return of -11.21%. If XRP successfully retests its crucial support level of $0.560, it will prepare to retest its resistance level of $0.630. However, if bearish sentiment persists, XRP may plummet to $0.4880.
XRP/USDT. Source: TradingView
Based on Coinfomania expert XRP price prediction and technical analysis, XRP Coin’s200-day SMA is projected to ascend over the next month, with a simultaneous short-term 50-day SMA expected to eye $0.58 by the same date. The Relative Strength Index (RSI) currently stands at 41.69, indicating a Neutral market sentiment for XRP.
Source: Coinfomania
XRP Price Prediction for 2024
The clarity on regulatory issues has doused concerns for XRP investors, but broader market sentiments will continue to influence the asset. A key moment could shoot XRP past $0.74, upping its chances of cruising to $1.00. Conversely, if the price bottoms below $0.40, it may indicate a prolonged decline.
XRP Price Forecast for 2025
As the remittances market grows, XRP is positioned to benefit from its role in cross-border payments, enabled by its low fees and swift transactions. For 2025, XRP’s price may sail to $1.36 high, possibly setting a new all-time high. In a global crisis, it may rest at $0.75, averaging $1.05. Considering current market sentiments, investing in XRP before it surpasses $1 presents high-return opportunities. However, increased market volatility poses significant risks. A conservative approach may involve waiting for clearer regulatory and market signals.
The post Ripple (XRP) Price Prediction 2024 – 2025: Will XRP Price Push To $1 With the Regulatory Win Or With Ripple’s Co-founder Endorsement of Kamala Harris for President? appeared first on Coinfomania.
