XRP price bounces to $0.72 but still risks new lows in April — Here's why

Cointelegraph

Published Apr 13, 2022 01:15PM ET

Updated Apr 13, 2022 03:20PM ET

Ripple's XRP took a break from its prevailing downtrend as its price rebounded from $0.68 to $0.72 in the last three days.

Traders returned to buying XRP after a U.S. court denied the U.S. Securities and Exchange Commission's (SEC) request to shield internal documents related to June 2018 speech made by its former director William Hinman wherein he said Bitcoin (BTC) and Ether (ETH) are not securities.

XRP/USD weekly price chart. Source: TradingView
XRP/USD daily price chart featuring 'ascending channel' setup. Source: TradingView

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