Impact of SVB's collapse on the XRP crypto? The CEO of Ripple speaks

Ripple‘s CEO recently confirmed the exposure to SVB, Silicon Valley Bank, which collapsed on Friday 10 March. Thus, it begs the question what impact this will have on the XRP token and, more generally, on the entire crypto sector.

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Ripple CEO Brad Garlinghouse on Sunday disclosed exposure to Silicon Valley Bank. While Garlinghouse declined to say how much capital was held at the fallen bank, he assured investors that the company remains strong.

Ripple's Brad Garlinghouse has revealed that the project had some exposure to the embattled Silicon Valley Bank (SVB), but the company expects no disruption to its daily operations.

After Ripple CEO Brad Garlinghouse revealed his company's exposure to the now-collapsed Silicon Valley Bank (SVB), the XRP token responded with a slight decline on its daily chart, but the cryptocurrency community is still bullish on the digital asset.

Coinbase reveals that $240 million in corporate cash is still under the possession of the now-collapsed Silicon bank and that it expects to recover all the funds.  Ripple's CEO says the network has some exposure to the bank but maintains that Ripple is in a safe place.

The cryptocurrency community is looking forward to the summary judgment in the legal case between Ripple and the Securities Exchange Commission (SEC), with the verdict speculated to come in by the end of March.

XRP News: Amid an increasing wave of uncertainty triggered due to the collapse of the United States based crypto friendly banks, Ripple Labs CEO, Brad Garlinghouse decided to address rumors building around its exposure to the collapsed Silicon Valley Bank. Ripple “Had” Exposure To SVB Brad Garlinghouse accepted that they had some exposure to Silicon The post XRP News: Ripple Funds Stuck In Collapsed Silicon Valley Bank?

On Sunday (March 12), just two days after Silicon Valley Bank (SVB) was closed by Californian regulators and placed under the control of the US Federal Deposit Insurance Corporation (FDIC), Ripple CEO Brad Garlinghouse demonstrated leadership by providing information about how the SVB collapse has impacted his firm.

While the future of Silicon Valley Bank (SVB) is still being decided, another crypto player has declared exposure to the failed bank. And, this time around the firm in the headlines is Ripple – a popular blockchain-based digital payment network.

The markets were dominated by sellers and fear was rising across the crypto sphere after the collapse of Silicon Valley Bank. But, there were signs of an accumulation from the Bitcoin whales- could this see a reversal materialize later this month?

XRP Price Prediction: the XRP price continues to resonate between the two downsloping trendlines of a falling wedge pattern as the crypto market suffers in FUD. The ongoing correction has plunged the coin price back to support the trendline, preparing its next bull cycle within this pattern.