XRP holds potential despite 16% plunge, expert urges caution

XRP drops 16% to $1.76 amid broader cryptocurrency market sell-off. Expert Vincent Van Code links XRP’s past spike to US political optimism. Van Code warns of a global financial reset and advises holding XRP positions. XRP investors are facing a challenging moment as the digital currency has dropped 16% to $1.76 amid widespread selling across […] The post XRP holds potential despite 16% plunge, expert urges caution appeared first on CoinJournal.

Apr 8, 2025 - 06:07

XRP holds potential despite 16% plunge, expert urges caution

XRP drops 16% to $1.76 amid broader cryptocurrency market sell-off.
Expert Vincent Van Code links XRP’s past spike to US political optimism.
Van Code warns of a global financial reset and advises holding XRP positions.

XRP investors are facing a challenging moment as the digital currency has dropped 16% to $1.76 amid widespread selling across cryptocurrency markets.

The decline reflects broader turmoil, with major cryptocurrencies also taking a hit. Bitcoin values have plummeted more than 8% to $76,000.

The sell-off appears to be part of a larger crypto sector trend, leaving investors questioning their next moves.

Vincent Van Code, a well-known software engineer, has weighed in, expressing confidence in XRP despite the sharp price drop.

He attributes the decline to fear-driven market sentiment rather than any fundamental issues with the token itself.

XRP price spike tied to political optimism

Van Code suggests that XRP’s previous price surge, which saw it rise from $0.54 to $3.40, was largely driven by political optimism surrounding the new US administration’s pro-cryptocurrency policies.

This indicates that the token’s value has been heavily influenced by external political factors rather than solely technical advancements or adoption rates.

Despite the recent fall, Van Code maintains that nothing has fundamentally changed about XRP’s prospects.

He links the current market instability to spillover effects from traditional markets, noting reports of the US stock market losing approximately $6.5 trillion in value over two days last week due to global trade tensions.

This broader economic context, he argues, is amplifying the pressure on cryptocurrencies.

Expert warns of economic reset and market shorting

Van Code connects the ongoing volatility to what he describes as a “global financial reset,” suggesting that the US government’s actions are destabilizing multiple economies as part of a transformative process.

He warns that such sweeping changes often require the breakdown of existing structures before rebuilding, urging investors to brace for further turbulence.

Rather than viewing the decline as a reason to panic, Van Code sees it as potentially deliberate, with influential market players profiting by shorting the market ahead of the drop.

He predicts these investors will soon reverse their positions, potentially triggering a “miraculous” market bounce.

Drawing an analogy to swimming near whales in a stormy sea, he emphasizes the need for strategic patience.

Van Code advises XRP investors against closing their positions, asserting that a significant price recovery remains possible once market conditions stabilize.

The post XRP holds potential despite 16% plunge, expert urges caution appeared first on CoinJournal.