In his post, analyst Vincent Van Code examined the reasons why XRP's price has not surged, drawing on investor opinions.
Investor Concerns
Van Code noted that regulatory uncertainty remains a key concern for investors. The SEC lawsuit against Ripple is not yet resolved, causing apprehension among many. However, Van Code believes that these concerns are not relevant to XRP's current valuation, as the fundamental issues have already been priced in.
Utility of XRP and Infrastructure Developments
The analyst also highlighted recent events, such as Hidden Road's approval by regulators, emphasizing that while it is not directly related to XRP, such infrastructure developments create a foundation for long-term adoption. Van Code pointed out that historical volatility and the impact of XRP's escrow also contribute to investors' hesitancy.
Long-Term Forecast for XRP
Van Code stated that criticism of current theories regarding XRP's price lacks substance, arguing that they are not real drivers of demand. He emphasized that XRP has always been viewed as a multi-year investment, and now that the SEC case is settled, positive changes for its valuation are expected. He advises investors to regard XRP as a long-term asset.
In light of Vincent Van Code's analysis, investors should rethink their expectations regarding XRP, especially in terms of its long-term potential.
