Ripple (XRP) price declined to $0.56 on Wednesday, the lowest level in two weeks, as traders awaited further developments in the Securities and Exchange Commission’s (SEC) lawsuit against Ripple. The next key deadline in the legal battle is April 22, when Ripple is expected to file its response to the SEC’s remedies-related brief.
Meanwhile, the recent decline in XRP’s price has caused traders to realize more than $25 million in losses in the past two days.
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