Elon Musk’s endorsement of Deaton boosts XRP sentiment as Ripple continues to battle SEC uncertainties in court.Ripple co-founder's $10M in XRP donation to Kamala Harris, sparking debate over Democrats’ approach to crypto regulation.XRP’s price outlook hinges on the US Presidential Election, with potential for a breakout above $0.60 on Trump victory.
XRP Briefly Revisits $0.56 Amid US Political Developments On Monday, October 21, XRP fell 0.53%, following a 0.58% decline from the previous session to close at $0.5451.XRP outperformed the broader market despite ongoing uncertainty about the SEC’s strategy to challenge rulings in the Ripple case. The total crypto market cap fell 2.22%, pulling the market cap down to $2.282 trillion.
Elon Musk Backs John E. Deaton’s Senate Run
On Monday, October 21, the XRP community got an unexpected boost as Elon Musk publicly endorsed John E. Deaton for the Senate. The Candidate for the Massachusetts Senate and amicus curiae lawyer played a crucial role in the SEC vs. Ripple case, representing 75,000 XRP holders. Deaton’s contributions to the case led to the Programmatic Sales of XRP ruling.
