XRP Prices Dip Below $2 Amid Broader Crypto Market Decline

XRP prices fell below $2 for the first time since December 2024, despite recent positive developments. Market analyst Vincent Van Code links this decline to broader economic issues rather than XRP's performance.

Tariffs Impacting Crypto Market

Van Code attributes the downturn in cryptocurrencies to tariffs imposed by US President Donald Trump.
He views these tariffs as short-term economic pressure tactics that may lead to a market rebound.

Current #XRP prices are not aligned with recent Ripple announcements. This is a global market downturn impacting multiple countries.

— Vincent Van Code (@vincent_vancode) April 9, 2025

XRP Fundamentals Remain Strong

XRP rebounded to $1.82 after dropping to $1.64 on April 7, marking a 10% increase.
Ripple and XRP's fundamentals have improved significantly compared to the previous year during the SEC lawsuit peak.
Positive developments include the SEC-Ripple case resolution and potential inclusion in US digital asset reserves.

Investment Strategy Amidst Uncertainty

Van Code advocates buying assets like XRP during low sentiment while fundamentals remain sound.
He analyzes weekly charts for strategic decisions and hourly charts for intraday trades.

Future Growth Drivers for XRP

Key drivers for XRP adoption include regulation, corporate usage, and solid partnerships.
Investors should focus on long-term fundamentals rather than short-term price fluctuations.
The current market decline is seen as part of a larger trend, not specific to XRP.

Optimism remains among XRP supporters that external pressures will eventually lift, allowing prices to reflect positive developments.