• About Us
  • Careers
  • Contact
No Result
View All Result
Friday, June 27, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result

XRP Trading at $0.4487 With 5% Surge in 24 Hours; Is $1 Target Achievable?

22 March 2023
in Markets
Reading Time: 6 mins read
109 2
Home Markets

Contents

Toggle
  • Can XRP Reach $1?
  • Price Analysis for Cryptocurrencies Including BTC, AGIX, ETH, and ADA

Last updated on March 30th, 2023 at 03:31 am

 

Source: Coinmarketcap

Ripple (XRP) is currently trading at $0.4487, indicating a 5% increase over the past 24 hours, amidst a 2% surge in the overall market. However, XRP experienced a decline of 2% in the last week and 1% over the last 30 days, although it has gained 9.5% since the beginning of this year.

Last week, RippleLabs, the token’s developer, acknowledged that it had some exposure to Silicon Valley Bank, which was closed by California financial regulators on March 10. CEO Brad Garlinghouse assured its customers that Ripple was still in a strong financial position and that regular operations would not be disrupted. He, however, did not disclose the amount of funds the company had in SVB.

Setting the record straight on SVB Qs:

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.

— Brad Garlinghouse (@bgarlinghouse) March 12, 2023

A joint statement by the Federal Reserve, US Treasury, and FDIC stated that customers of SVB will be able to fully access their funds from Monday, March 13, 2023. The cryptocurrency market had a glimpse of recovery on Sunday as a result of this statement, and XRP hasn’t dropped any worse since. In fact, its value has risen steadily.

The price of XRP has surged up to $0.4487 in the past 24 hours, marking a 7% rise from Monday’s price. Although Tuesday’s market-wide rise has somewhat slowed in recent hours, the coin has managed to hold steady at its $0.44 support level. If XRP can maintain this level of support, it will create a strong foundation for further growth in the days and weeks ahead.

Can XRP Reach $1?

Market Experts and Investors Share Their Outlook on XRP Price Forecast

  • Digital Coin Price thinks that XRP will maintain a price above $1 for the foreseeable future and anticipates a 240% increase in XRP coin prices over the next two years. 
  • GOV Capital expects a more significant upward trend for XRP coins, projecting that it will reach $1.04 within a year. Additionally, they foresee the price of XRP coins increasing by almost 164% within the same period. This outcome is achievable if there is a new market surge and positive developments from the Ripple Labs team.
  • Metadrop stated in a YouTube video that while XRP has remained largely stable over the past few months, there have been some fluctuations in its price in recent weeks. Metadrop also pointed out that XRP’s partnership with Standard Chartered Bank and Santander could be significant factors in the digital asset’s potential to reach the $1 mark, as it may lead to increased adoption and demand for XRP, which could ultimately drive up its price.

    XRP Price Prediction as Bulls Hold $0.37 Level – Can XRP Reach $1 Soon?

  • The Wallet Investor holds a pessimistic view regarding the price movement of XRP. Wallet Investor’s one-year XRP estimate predicts a decrease in the value of this asset. However, they are optimistic about the short-term price of XRP.
  • According to Coinpedia, the likelihood of XRP reaching a new high by the end of 2023 is still considered based on the projected sequence of events. The XRP price could reach a new high and potentially close in on its target of $1.1043. However, if the XRP lawsuit has no impact, normal market forces are expected to prevent the price from dropping below $0.8486. On the other hand, if the SEC continues to pursue the case or a ruling goes against XRP, Coinpedia estimates that the altcoin will ultimately trade at $0.5850 by the end of 2023. 

Even though XRP seems undervalued and might present a good buying opportunity, its potential for a significant rebound may not show up until the ongoing legal dispute is resolved.

There is a high probability that Ripple will receive a positive outcome or settlement, and this belief is supported by several previous decisions and rulings in its favour. Additionally, one of the SEC’s most essential expert witnesses was excluded from the case. Ripple was granted access to crucial SEC correspondence in addition to the company’s authority to raise the fair notice defence.

If the market continues to recover, it’s possible that the coin will reach $1 during the second half of this year and potentially climb even further in 2024.

Price Analysis for Cryptocurrencies Including BTC, AGIX, ETH, and ADA

  • On March 22, Bitcoin (BTC) climbed to a new yearly high but produced a lengthy upper wick. BTC is currently trading for $28,678.76. The next resistance would be at $30,000 if the rise continues. On the other hand, closing below the support level of $28,000 might cause a decline toward $24,000.
Source: Coinmarketcap
  • As of March 22, SingularityNET (AGIX) surpassed a descending resistance line and is currently approaching its yearly high of $0.67. Currently, AGIX is trading for $0.5153 and has a 24 hour trading volume of $181 million.
Source: Coinmarketcap
  • On March 22, Ethereum (ETH) surpassed the overhead resistance of $1,800  the next resistance would be $2000. ETH is currently trading at $1,819 and has a 24 hour trading volume of 9.57%.
Source: Coinmarketcap
  • Cardano’s ADA surged and hit $0.38 on March 22, but the long wick on the day’s candlestick implies that bears are selling during rallies. At the time of writing, ADA is trading at $0.3832 with a 24-hour trading volume of 140%.
Source: Coinmarketcap

Disclaimer: This piece is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence.

 

If you would like to read more market analysis like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: TradingXRP
Share65Tweet41Share11
Previous Post

Introducing DeFiChain: The Ultimate Decentralized Platform for Bitcoin

Next Post

Crypto Community Expresses Outrage Over White House Report’s Criticism of Digital Assets

Favour Udeo

Favour Udeo

Favour is a writer, who is interested in blockchain, DeFi, and Web3 in general. She finds machine learning and emerging technologies interesting.

Related Posts

What South Korea’s Crypto Strategy Signals for the Next Bull Run?
Markets

What South Korea’s Crypto Strategy Signals for the Next Bull Run?

26 June 2025
Why Crypto Projects Are Choosing MiCA Over the US, Even With Regulatory Support on the Rise
Markets

Why Crypto Projects Are Choosing MiCA Over the US, Even With Regulatory Support on the Rise

26 June 2025
Tokenized Treasuries vs. Stablecoins: Where Will Institutional Capital Flow?
Markets

Tokenized Treasuries vs. Stablecoins: Where Will Institutional Capital Flow?

26 June 2025
Ethereum Transaction Fees Plunge to 5-Year Low Amid Network Lull - What This Means for the Crypto Market
Markets

Ethereum Transaction Fees Plunge to 5-Year Low Amid Network Lull: What This Means for the Crypto Market

26 June 2025

Featured Posts

Has Web3 Failed to Protect the Core Innovations of Crypto and DeFi?

Has Web3 Failed to Protect the Core Innovations of Crypto and DeFi?

byOlajumoke Oyaleke
15 June 2025
0

Are Green Cryptocurrencies the Future of Blockchain Sustainability?

Are Green Cryptocurrencies the Future of Blockchain Sustainability?

byOlayinka Sodiq
12 June 2025
0

Web3 Gaming’s Scaling Crisis: Why Innovation Alone Isn’t Enough

Web3 Gaming’s Scaling Crisis: Why Innovation Alone Isn’t Enough

byOlayinka Sodiq
10 June 2025
0

What Is Price Slippage in Crypto & How Can You Avoid It

What Is Price Slippage in Crypto & How Can You Avoid It

byOlayinka Sodiq
4 June 2025
0

The Rise of Decentralized Identity Solutions in DeFi

The Rise of Decentralized Identity Solutions in DeFi

byOlayinka Sodiq
20 October 2024
0

Read More

Chain of Thoughts

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Is Tokenization All That It’s Cracked Up To Be?

Is Tokenization All That It’s Cracked Up To Be?

byOlu Omoyele
26 February 2025
0

...

Markets Update

What South Korea’s Crypto Strategy Signals for the Next Bull Run?

19 hours ago

Why Crypto Projects Are Choosing MiCA Over the US, Even With Regulatory Support on the Rise

19 hours ago

Tokenized Treasuries vs. Stablecoins: Where Will Institutional Capital Flow?

20 hours ago

Ethereum Transaction Fees Plunge to 5-Year Low Amid Network Lull: What This Means for the Crypto Market

22 hours ago

First XRP ETF Approved on Toronto Stock Exchange— Is This a Green Light for XRP ETF Approvals in More Countries?

3 days ago

Your Weekend Crypto Roundup | June 2025 (Week 3)

7 days ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    Bybit Expands Global Reach with Credit Card Crypto Purchases in 25+ Currencies and Cashback Rewards

    bychainwire
    27 June 2025
    0

    BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision and South Korea Strategy

    bychainwire
    27 June 2025
    0

    The Rise of AI Beings: CARV’s New Roadmap Signals Next Wave of Web3 AI

    bychainwire
    27 June 2025
    0

    Weed® Announces Partnership with Khalifa Kush; Launches Global Commercialization

    bychainwire
    26 June 2025
    0

    GBM Launches Auction Festival with The Sandbox, Aavegotchi, Unstoppable Domains, and More

    bychainwire
    26 June 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Markets
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverses
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00