Ripple co-founder Chris Larsen donates another $10 million to Kamala Harris
Back in August, Federal Election Commission (FEC) filings revealed that Larsen had previously donated 1,754,815.29 XRP, worth $1 million, to the same PAC.
According to a representative from Ripple Labs, this $10 million donation is separate from the previous donation.
A pioneer in the fintech field, Larsen co-founded Ripple to streamline cross-border transactions for companies. He also played a role in the creation of XRP, but the coin and Ripple operate independently. Ripple is just incorporating XRP into their services.
After a four-year legal battle with the SEC under the Biden administration, Ripple’s public support to the Democratic camp could pave the way for a more favorable regulatory stance on the company and the broader crypto sector. Many people speculate that there is.
XRP Price Prediction: Bullseye target is $0.60 after bullish reversal
XRP has recently shown a promising turnaround, rising about 7% from last Friday’s 80-day low of $0.49, regaining the $0.52 level. As of Monday, October 28th, XRP is trading at $0.518, indicating renewed buyer interest in this important support zone.
This 7% pullback signals a possible change in momentum as bulls aim to push XRP toward new near-term highs. The daily chart of XRP/USD reveals important technical indicators that point to a possible rally towards $0.60.
The Bollinger Bands are currently in a mild squeeze, with the price holding near the lower band around $0.5073, indicating a consolidation phase. A narrowing of this band often precedes a strong directional move, and given the recent price rally, a breakout to the upside could be imminent.
