NewsBTC

Apr 8, 2025

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Software Engineer Advises Against Panic Selling XRP Amid Price Decline

Despite a recent 16% drop in XRP to $1.76, software engineer Vincent Van Code maintains confidence in its long-term value. He attributes the decline to market fear rather than fundamental issues with XRP.

Market Overview

• Bitcoin fell over 8% to $76,000 amid broader cryptocurrency sell-offs.
• Van Code believes current selling pressure stems from market sentiment, not from XRP's fundamentals.
• He advises against panic selling and highlights that no significant changes have occurred in XRP’s prospects.

Influence of Political Factors

• Previous price surge from $0.54 to $3.40 linked to optimism about pro-cryptocurrency policies from the US administration.
• Current market conditions affected by $6.5 trillion loss in the US stock market due to global trade tensions.

Economic Insights

• Van Code connects instability to a "global financial reset" driven by US government actions.
• Warnings of further volatility as existing structures may need to break down before rebuilding.

Market Strategies

• Suggests that some investors profited from shorting the market prior to declines.
• Forecasts a potential market rebound as these investors may soon shift back to buying positions.
• Encourages XRP holders to maintain their investments for possible future gains.