Prominent market commentator Vincent Van Code has commented on the observation that XRP performance fails to align with recent positive developments.
Notably, the positive news includes the resolution of the SEC Ripple case, XRP’s potential inclusion in the U.S. digital asset stockpile, and favorable announcements from Ripple, such as the company’s acquisition of Hidden Road.
Vincent suggests that despite these positive developments, XRP’s price has not increased as many expected. Instead, it plunged heavily, particularly on Monday, when XRP had a daily close below the $2 mark for the first time since December 2024.
Explaning XRP Recent Underperformance
According to Vincent, XRP’s recent underperformance is not due to the failure of the coin. He emphasized that several countries’ global financial markets suffer from a broader downturn.
Vincent attributed the broader market downturn to President Donald Trump’s recent tariffs on foreign countries.
He characterized the tariff as a power play to use economic sanctions to negotiate favorable terms. Nonetheless, the software engineer expects the tariff war to end quickly as it emerges.
Vincent’s Strategy
In the meantime, he revealed his recent trading strategy in anticipation of a favorable market condition with no tariff impact.
The market commentator suggests that he buys digital assets like XRP when there is negative sentiment with sound fundamentals. This indicates that the expert often aims to take advantage of market overreactions to temporary factors like tariffs.
Second, he focuses on analyzing weekly charts to enable him to make sound investment decisions. Conversely, he uses hourly charts for fun.
Third, Vincent characterized XRP as the ‘Fight Club.’ This description portrays XRP as a resilient asset capable of surviving high volatility.
Lastly, he suggested that factors such as regulation, enterprise, and strong partnerships would ultimately drive XRP’s adoption.
Final Thoughts
Meanwhile, Vincent emphasized that nothing has changed with Ripple and XRP. Instead, he asserted that the coin and the company are 100-fold better than they were a year ago, during the peak of the SEC lawsuit.
The expert noted that he would have been concerned if XRP was the only crypto asset that tanked. As a result, Vincent noted that he would not be swayed by this short-term volatility caused by the tariff war, which he believes will soon end.
Interestingly, XRP is recovering from the recent market downturn. It is currently trading at $1.82, up 10.97% from its low of $1.64, registered on April 7.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
