Why is XRP price down today?
XRP prices have declined after Ripple co-founder’s $10 million donation to Kamala Harris’ US presidential campaign.
XRP (XRP) has emerged as one of the worst-performing top cryptocurrencies, down 5.3% in the past 24 hours to reach $0.53 on Oct. 22. In comparison, the broader crypto market has declined by 3%.
XRP/USD four-hour price chart. Source: TradingView
Key catalysts driving the XRP prices lower today include Ripple’s multi-million dollars worth of donation to the Kamala Harris campaign and markets considering the prospects of slower interest rate cuts in the United States.
