Ripple XRP fell slightly after CEO Brad Garlinghouse revealed that his company was exposed to the now-collapsed Silicon Valley Bank (SVB). However, the cryptocurrency community still maintains a bullish sentiment on the digital asset.
Based on the votes of CoinMarketCap members XRP By March 31, it will reach an average price of $ 0.4101. This means an average increase of 13.64%, or +$0.04923, according to data received on March 13.
It is quite significant that the crypto community’s predictions for the XRP token over the past six months have had a historical accuracy of 91.73%. This means that they are a very important competitor compared to artificial intelligence-based price predictions.
XRP Technical Analysis
Koinfinans.com As we reported, technical analysis on daily indicators on TradingView reveals a “bearish” trend. The overall show is in line with the ‘strong sell’ sentiment at 16, the result of moving averages (MA) at 14 indicating ‘strong selling’ and oscillators in the ‘neutral’ area at 8.
At the time of writing, Ripple is trading at $0.3609 and is down 0.08% on the day, down 1.96% in the previous week and 5.76% in the last 30 days.
Whether the community’s optimistic forecasts will come true will depend on several factors surrounding its ecosystem, such as the outcome of the legal battle between blockchain company Ripple and the United States Securities and Exchange Commission (SEC), and the broader crypto and macroeconomic landscape.
You can follow the current price action here.