Ajax request fails in Microsoft Edge Browser for loopback ipaddress (127.0.0.1)

Question

I have a HTTP server running locally on my machine. I need to make an XHR call to a url i.e. (https://127.0.0.1:8989/test). When i hit the same url in browser, it works fine. but the XHR request fails with following error.

SCRIPT7002: XMLHttpRequest: Network Error 0x2efd, Could not complete the operation due to error 00002efd.

Below is the code snippet.

$.ajax({
        crossDomain: true,
        contentType: 'text/plain; charset=utf-8',
        url: "https://127.0.0.1:8989/test",
        type: "POST",
        data: null
    })
    .done(function(data) {
        console.log("success");
    })
    .fail(function(textStatus) {
        console.log("fails");
    });
}

All other browsers, it's working fine except Microsoft Edge Browser. Appreciate for any guidance on this.