XRP Price Forecast as Ripple Co-founder Donates $1 Million in XRP to Harris Campaign

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XRP price has been experiencing a bullish trend, closing the week above the $0.5400 level and reaching an intra-day high of $0.5415.

This upward momentum can be attributed to the positive sentiment in the broader cryptocurrency market, especially following Bitcoin’s surge past the $63,000 mark.

As Bitcoin climbs, it often boosts confidence in other cryptocurrencies, including XRP.

BREAKING: Ripple Co-founder Chris Larsen donates $1 million in $XRP to Kamala Harris.@GeneralMCNews pic.twitter.com/2ujdaIqoNs

Moreover, XRP’s recent uptick has been fueled by news that Ripple co-founder Chris Larsen donated $1 million worth of XRP to the Harris-Walz 2024 presidential campaign.

This high-profile contribution underscores the increasing institutional interest in XRP and is likely to enhance market sentiment, potentially attracting more investors to the cryptocurrency.

On the positive side, Ripple co-founder Chris Larsen recently made headlines for donating $1 million in XRP to support Vice President Kamala Harris’s presidential campaign through the Future Forward USA political action committee.

This is his first recorded cryptocurrency donation, bringing his total contributions to Harris’s campaign to over $1.9 million.

However, the donation comes amid Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) regarding the classification of XRP as a security.

Despite this legal challenge, Larsen’s high-profile donation underscores the growing influence of digital assets in American politics.

Ripple co-founder