XRP price declines 1.02% amid U.S. political tensions and debate outcomes.
Senator Elizabeth Warren’s anti-crypto stance draws backlash from the community.
SEC appeal speculation continues to weigh on XRP market sentiment.
XRP prices dropped by 1.02% on September 11, breaking a four-day winning streak as political tensions and regulatory uncertainties cast a shadow over the cryptocurrency market. This decline followed the presidential debate and speculation over a potential SEC appeal in the Ripple case.
Political Landscape Impacts XRP
XRP’s fall on Wednesday reversed the modest gain from the previous day, closing at $0.5355. The drop came after a debate between Vice President Kamala Harris and Republican candidate Donald Trump, in which cryptocurrencies were notably absent.
The lack of mention was seen as disappointing by some in the crypto community, as Trump has continuously appealed to crypto supporters to use pro-crypto narratives.
Following the debate, XRP hit a session low of $0.5235 as post-debate polls indicated Harris had outperformed Trump. A CNN poll showed that 63% of voters believed Harris had the upper hand, which may have contribut…
The post XRP Price Slips on Political Uncertainty and SEC Appeal Speculation appeared first on Coin Edition.
