XRP’s price has seen a slight increase of 0.5% in the past 24 hours following a significant drop over the weekend. However, it has dropped by 1.5% in a week and 5% in the last 30 days. The collapse of Silvergate Bank and Silicon Valley Bank has affected the XRP market, but the Federal Reserve and US Treasury have reassured SVB’s customers that they will have full access to their deposits. Despite XRP not performing as well as other major coins, the token remains a promising investment as Ripple awaits a resolution to their ongoing SEC case. XRP’s indicators suggest it is due for a rebound soon, but it may not mount a real recovery until its RSI reaches 30 or below. The collapse of tech-friendly banks, however, does create problems for crypto. Despite XRP’s potential, it may not witness a big rally until the Ripple-SEC case ends. Other high-potential coins on the market may also be of interest to investors.
