Against the backdrop of the recent global economic environment, a series of factors have collectively led to a clear downward trend in the XRP price. With major global economies releasing subpar PMI data, market confidence has been hit, causing a general decline in the global stock market. As part of the digital currency market, XRP was naturally not spared. On September 6th, the XRP price continued to fall, breaking through its key support level of $0.54, which indicates that the price may continue to fall over the next period. Meanwhile, senior executives at Ripple, including Chairman Chris Larsen, and numerous business leaders publicly supported Kamala Harris becoming the next president. Although this political event is not directly aimed at cryptocurrencies, given the regulatory policies towards the crypto sector taken by the Biden-Harris administration, this event has attracted extra attention from the market. In the cryptocurrency sector, changes in policy direction often significantly impact market sentiment, especially under the current complex and volatile global macroeconomic conditions where the prices of XRP and other cryptocurrencies may be influenced by more uncertain factors.