Analyst Vincent Van Code shares his latest insights on the XRP market, focusing on the weekly chart as a key to understanding long-term market movements.
Weekly Chart Perspective
Van Code pointed out that zooming out to the weekly timeframe shows a different narrative than daily movements. From a momentum standpoint, the market is in a 'wait and see' status following a significant price increase, reflecting a consolidation phase before the next move.
Market Fundamentals and Outlook
Van Code highlighted several key factors supporting XRP's long-term prospects. He stated that the asset's fundamentals remain strong, regulatory developments are moving in a positive direction, and no competitors are currently posing a significant challenge.
Advice for Investors
Van Code advised focusing on market fundamentals instead of short-term fluctuations. He urged investors to adopt a long-term view, study XRP's underlying value and primary use cases rather than getting caught up in daily speculation.
Van Code's analysis serves as a reminder that long-term market movements often involve consolidation periods before resuming trends. This perspective may be reassuring for XRP holders amid current market conditions.
