8th April 2025 – (New York) Vincent Van Code, a respected figure in the software engineering community, believes that the recent price drops of XRP are driven by fear rather than any fundamental flaws in the cryptocurrency itself. He asserts that the ongoing selling pressure reflects general market sentiment rather than substantial issues with XRP.
As many investors contemplate selling their XRP in light of a 16% decline to $1.76, Van Code urges caution, suggesting that a solid strategy is essential before making any decisions. The broader cryptocurrency market has also been affected, with Bitcoin dropping over 8% to $76,000, indicating a widespread sell-off.
Van Code attributes the current market turmoil to fear rather than intrinsic problems with XRP. He highlights that the previous surge in XRP’s price, which soared from $0.54 to $3.40, was primarily driven by optimism regarding pro-cryptocurrency policies from the new US administration, suggesting that political dynamics heavily influence the token’s value.
Despite the recent downturn, he insists that XRP’s prospects have not fundamentally changed. He connects the current volatility to spillover effects from traditional market instabilities, pointing out that the US stock market lost approximately $6.5 trillion in value over a two-day period due to global trade tensions.
Van Code links this market instability to significant geopolitical and economic shifts, suggesting that actions by the US government have contributed to destabilising various economies, part of what he calls a “global financial reset.” He warns that such sweeping economic changes typically require dismantling existing structures before any rebuilding can occur, implying that investors should prepare for further volatility.
Instead of panicking over the decline, Van Code views the situation as potentially orchestrated moves by influential market players. He believes that some investors have profited by shorting the market ahead of the recent price drops and predicts that these same investors may soon reverse their positions, potentially sparking a “miraculous” market rebound.
He encourages XRP investors to hold their positions despite short-term price fluctuations, asserting that there is still a strong chance for a significant price increase once market conditions stabilise.