{"id":380140,"date":"2023-03-14T16:00:47","date_gmt":"2023-03-14T16:00:47","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=380140"},"modified":"2023-03-14T16:49:19","modified_gmt":"2023-03-14T16:49:19","slug":"xrp-price-prediction-2","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-price-prediction-2","title":{"rendered":"Xrp Price Prediction: XRP Price Recovers Slightly After Weekend Dip Amidst Banking Industry Turmoil. Can XRP Recover To $0.42 Resistance?"},"content":{"rendered":"

In the last 24 hours, the price of XRP has increased by 0.5% after recovering from a significant dip over the weekend. <\/span><\/p>\n

XRP Faces Setback as Multiple Tech-Friendly Banks Collapse<\/span><\/h2>\n

XRP, a cryptocurrency associated with Ripple, faced a potential threat to its value due to the collapse of <\/span>Silicon Valley Bank<\/span><\/a>, to which Ripple had some exposure. However, the US Treasury and Federal Reserve intervened and assured customers of SVB full access to their deposits, which helped the crypto market recover since Sunday. Although XRP’s performance could have been better than that of other major coins, it still has a promising future. Ripple is awaiting a favorable outcome in its ongoing case with the SEC, which could significantly impact the coin’s value later this year.<\/span><\/p>\n

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Setting the record straight on SVB Qs: <\/p>\n

Ripple had some exposure to SVB – it was a banking partner, and held some of our cash balance. Fortunately, we expect NO disruption to our day-to-day business, and already held a majority of our USD w\/ a broader network of bank partners.<\/p>\n

— Brad Garlinghouse (@bgarlinghouse) March 12, 2023<\/a><\/p><\/blockquote>\n