Vincent Van Code, a highly respected software engineer, remains resolute in his belief in XRP’s long-term potential. Despite XRP’s recent plunge of over 17%, hitting $1.76, Van Code emphasizes the importance of staying calm and not succumbing to panic selling. His views provide crucial insight into how investors should approach turbulent times in the crypto world, especially with XRP facing significant bearish pressure in recent days.

Market Panic and Fear

In a market plagued by volatility, many crypto holders are under pressure. The latest market downturns, which have seen Bitcoin fall by over 8%, have left investors scrambling to sell off their holdings in fear of further losses. However, Vincent Van Code, known for his technical expertise, sees the current drop as nothing more than a temporary phase driven by widespread market panic, not by any changes in XRP’s underlying fundamentals.

Van Code believes that XRP’s value remains sound, despite recent price fluctuations. He points out that the market is reacting to external pressures such as the global trade war and the instability in traditional financial markets, particularly the U.S. stock market’s recent loss of over $6.5 trillion. According to Van Code, these factors have spilled over into the crypto space, but the intrinsic value of XRP hasn’t been impacted.

No Fundamentals to Justify a Drop

While XRP’s recent downturn might have some investors feeling uneasy, Van Code stresses that there are no fundamental reasons to justify such a significant drop. He compares the current panic to previous episodes where XRP’s price surged from $0.54 to $3.40, driven primarily by favorable pro-crypto policies introduced by the new U.S. administration. According to Van Code, this rise was a reflection of the political environment becoming more supportive of cryptocurrencies.

Even with the current market volatility, he sees nothing in the broader economic or crypto landscape that undermines XRP’s potential. Van Code firmly believes that the present market conditions are more a result of fear-driven selling rather than a real threat to XRP’s value. As such, he remains confident in the asset’s long-term prospects.

The Global Economic Reset

Beyond the immediate market fluctuations, Van Code ties the current instability to a much broader and more significant geopolitical and economic transformation. He suggests that the U.S. government may be engaged in a covert economic war, destabilizing various global economies as part of what he calls a “global financial reset.”

Van Code cautions, however, that such a reset won’t happen overnight. He views it as a process of breaking down existing financial systems before any rebuilding can begin. This aligns with his perspective that, despite the short-term market chaos, the longer-term trajectory for digital assets like XRP remains optimistic. Van Code envisions a future where the crypto sector emerges stronger than ever, fueled by growing institutional interest and greater adoption of digital currencies worldwide.

XRP’s Road to Recovery

For Van Code, the current bearish sentiment represents a strategic move by powerful financial entities. He believes that many of the market’s major players have already shorted the market before the downturn, and once the dust settles, these players will begin to go long again, leading to a “miraculous” recovery. In his view, this is just another phase in the cyclical nature of financial markets.

He encourages XRP holders to focus on the long-term picture and not be swayed by short-term price fluctuations. Van Code likens the situation to swimming in turbulent waters with large whales in the market. While the immediate environment might be chaotic, he believes that, with patience and a steady hand, investors will be able to navigate the storm and reap the rewards once the market stabilizes.

In conclusion, despite the current market downturn, Vincent Van Code remains confident in XRP’s long-term value and sees no reason for panic. For those holding XRP, his advice is clear: stay calm, avoid panic selling, and focus on the bigger picture.