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

The XRP price stands at $0.372400 this morning, having risen by 1.2% in the past 24 hours in the context of a 2% increase for the market as a whole.
Its current price means that XRP has fallen by 2% in a week and by 1% in the last 30 days, although the altcoin has gained by 9.5% since the start of the year.
While Ripple had reported some exposure to Silicon Valley Bank, which was placed under federal receivership on Friday, CEO Brad Garlinghouse disclosed that the company expects no disruption to its day-to-day business.
XRP had actually risen as high as $0.386898 within the last 24 hours, making for a 7% compared to where it was on Monday.
XRP's indicators currently find themselves in a promising position, with its 30-day moving average (red) looking as though it could begin rising toward its 200-day (blue)

Largest Creditor of Bankrupt Mt. Gox Exchange to Hold Onto Returned Bitcoin – Huge Selling Pressure Averted?
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As the Japanese trustee has as much as BTC 141,686 under its control, with a current value of about $3.06 billion, many industry observers have been afraid that the release of the Bitcoin from the Mt. Gox trove could trigger a major selling push in the crypto market. However, the fund’s reported decision could mean that this scenario will be averted.

The Tokyo-based Mt. Gox was once the largest crypto exchange in the world, but it filed for bankruptcy in 2014 after some 850,000 BTC went missing. The exchange’s creditors have until April 6 to make a decision on whether to choose the October payout, or wait for a longer period of time to retrieve a higher share of their claims.

Can blockchain help combat climate change?
Blockchain’s transparency and traceability can aid sustainability and reduce carbon emissions for climate change.
With rising temperatures, melting ice caps and more frequent and intense extreme weather events, the effects of climate change are becoming more and more obvious. There is an urgent need to prevent climate change, and numerous technologies and methods are being investigated to do so. Blockchain technology is one of these possibilities, and it has the potential to be very effective in the fight against climate change.

Bybit halts USD bank transfers citing partner outages
Dubai-based Bybit is the latest crypto exchange to suspend USD wire transfers claiming partner disruptions.

Dubai-based crypto exchange Bybit has suspended United States dollar (USD) deposits via bank transfers in response to "service outages from a partner". Funds can be withdrawn through wire transfers until March 10.

US Senators Probe Crypto Exchange Binance About 'Potentially Illegal Business Practices'
Three U.S. senators have asked crypto exchanges Binance and Binance US for documents and answers pertaining to “potentially illegal business practices.” The lawmakers told Binance CEO Changpeng Zhao (CZ): “Your actions have called into question the legitimacy of your business and the safety of your customers’ assets.

Citing various media reports claiming that Binance is facing multiple investigations by law enforcement and regulators following the collapse of crypto exchange FTX, the senators wrote:

Binance and its related entities have purposefully evaded regulators, moved assets to criminals and sanctions evaders, and hidden basic financial information from its customers and the public.

The Bank of Japan to Launch Its Cbdc Pilot before May
Japan, a nation where foreign stablecoins like Tether are prohibited, plans to begin its central bank digital currency (CBDC) pilot in April 2023. It aims to include private businesses and test a model of a CBDC ecosystem.
On Feb. 17, the Bank of Japan (BoJ) released the opening speech of its executive director Shinichi Uchida at a CBDC committee meeting. In it, Uchida announces that the Bank decided to launch a pilot program for “digital yen” in April after finishing its proof-of-concept testing, which began in 2021.

Texas objects to Voyager-Binance.US deal, court filing shows

Texas claims that Binance.US's terms of service and restructuring plan contain inadequate disclosures, and discriminate against Texas creditors.
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Texas' State Securities Board and the Department of Banking are objecting to a proposed deal between Binance.US and bankrupted crypto lender Voyager Digital, shows a court filing from Feb. 24.

According to the document, Binance.US's terms of service and restructuring plan contain a number of "inadequate" disclosures, including not informing unsecured creditors adequately that under the plan they may only get 24%-26% recovery, rather than the 51% they would receive under Chapter 7. Binance.US disclosed in December an agreement to buy Voyage's assets for $1.022 billion.

U.S. Treasury Janet Yellen calls for 'strong regulatory framework' for crypto activities
On the sidelines of the G20 meeting, U.S. Treasury Secretary Janet Yellen said the country is not pushing for an outright banning of crypto activities.
United States Treasury Secretary Janet Yellen stressed the importance of implementing a strong regulatory framework for cryptocurrencies during a G20 meeting on Feb. 25.
Director Kristalina Georgieva, stating that banning crypto should be an option:

"There has to be very strong push for regulation... if regulation fails, if you're slow to do it, then we should not take off the table banning those assets, because they may create financial stability risk."
In addition, Georgieva pointed out to reporters that it is necessary to differentiate central bank digital currencies (CBDCs) from stablecoins and cryptocurrencies - which are issued by private companies.

Sam Bankman-Fried’s lawyers request extension for bail condition proposal
According to the legal team representing Sam Bankman-Fried, prosecutors had no objections to continuing his bail conditions until the firm could choose a suitable technical expert.

Have a good time all.