XRP's price has fallen 13% this week due to a global negative trend in the crypto market. Developer Vincent Van Code asserts that XRP’s fundamentals remain strong.
XRP Fundamentals vs. Market Downturn
Van Code noted that current XRP prices do not reflect the recent market announcements from Ripple, the conclusion of the SEC case, and the US stockpile of XRP. He argues that the price drop has not resulted from XRP's performance issues but rather a global market downturn affecting multiple countries.
Van Code pointed to recent Trump tariffs as a reason for the current market condition. "This is just how markets work during uncertain times," Van Code explained. "The fundamentals for XRP haven't changed. If anything, they're significantly stronger than they were a year ago."
Strategy During Market Downturn
Van Code shared his strategy during these turbulent times, focusing on buying during periods of negative sentiment when the fundamentals remain strong. He relies on weekly XRP charts for decision-making while only checking hourly charts "for fun."
He refers to XRP’s enterprise adoption, partnerships, and regulatory progress as the factors that will ultimately drive its value in the long run.
Future of XRP Amid Uncertainty
Van Code also speculated on market manipulation but maintains that nothing fundamentally has changed with Ripple and XRP. He asserts that the project’s position is "100 times better" than it was twelve months ago. "If XRP was the only thing that tanked, I’d be worried and looking for answers. It’s not, so I just zoom out, relax, focus on my work and exercise, and know it will pass," he concluded.
Despite the current market situation raising concerns, Van Code is confident that XRP's fundamentals remain solid and that the project may demonstrate strong performance in the future.
