XRP price soars to new highs after recent legal victories and relisting rumors
XRP price rallied more than 30% as retail traders rotate into "cheaper" altcoins and investor sentiment turns positive after Ripple's recent legal victories against the SEC.
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XRP price broke out to a new multiyear high on April 13 as a surge of trading volume in the early morning hours continued into mid-day.
Data from Cointelegraph Markets and TradingView shows that XRP registered a low of $1.42 before staging a 34% rally to a high of $1.88.
XRP/USDT 4-hour chart. Source:
The surge in price comes on the same day as both Bitcoin (BTC) and Ether (ETH) established new all-time highs as mainstream excitement for the cryptocurrency sector is on the uptrend ahead Coinbase's direct listing on April 14.