thecryptobasic.com
Vincent Van Code, a respected software engineer, explains why he remains confident in XRP despite the ongoing market turmoil.
His insights touch on global economic tensions, crypto resilience, and the long-term vision for the financial world. Notably, this comes amid the latest round of sweeping bearish pressure in the crypto market.
XRP has dropped by over 17% today alone, dipping to $1.76. Similarly, Bitcoin has fallen over 8%, now sitting at $76K. Amid the ongoing panic, Van Code does not see a real reason to join the sellers
No Fundamentals to Support XRP Dump
According to Van Code, aside from the prevailing fear, there are no fundamental reasons to justify a significant drop in XRP’s value. He believes that the market’s recent fluctuations are due to widespread fear, not shifts in the underlying utility or potential of XRP itself.
Furthermore, Van Code credits XRP’s earlier impressive price rise from $0.54 to $3.40 to the optimism for pro-crypto policies with the arrival of a new U.S. administration. He believes this rise was largely a result of the political climate becoming more favorable toward crypto.
According to Van Code, nothing has changed even now, except for the ongoing volatility in traditional markets. Reports suggested last week that the U.S. stock market lost over $6.5 trillion within two days due to the global trade war. The bearish sentiment from these events has spilled over to the crypto market.
Meanwhile, industry commentators like Van Code see this as a temporary shift that does not warrant panic-selling XRP.
He believes the crypto sector has never been stronger, pointing to growing institutional interest and increasing adoption of digital assets.
Global Economic Reset
The engineer also ties the current market instability to a much larger geopolitical and economic transformation. He believes the U.S. government is waging a covert economic war, destabilizing multiple economies in the process. According to him, this shift is part of a “global financial reset.”
However, he cautions against expecting immediate, dramatic changes, asserting that the reset involves a “tearing down” of existing structures before any rebuilding can occur.
The Road to Recovery for XRP
While some may view the market’s downturn as a cause for panic, Van Code sees it as a strategic move by powerful financial entities.
He claimed that smart players have already shorted the entire market before the drop. Accordingly, he expects that soon they will cash out and go long again, leading to a “miraculous” market recovery.
The pundit compares the situation to swimming in turbulent waters alongside massive whales. It could be chaotic, but it has the potential for survival and growth once the market stabilizes.
He teased the arrival of XRP’s potential run, urging investors to hold steady and focus on the long-term picture rather than short-term fluctuations.