XRP’s price experienced a significant decline on September 6, slipping below a critical support level in reflection of global market conditions influenced by an unfavorable PMI report. This downturn also impacted Bitcoin, which saw a break in key support levels, consequently dragging down the entire market.
Adding to XRP’s challenges, Ripple’s Chairman Chris Larsen has publicly supported Kamala Harris for president in the upcoming November elections, raising questions about the potential impact on XRP’s price amidst other troubling economic variables.
As the crypto market continues to navigate through these uncertainties, investors and traders must monitor the evolving situation closely to make informed decisions and strategies to navigate these challenging times in the crypto industry.
