XRP Dump? Engineer Says Panic Selling Makes No Sense

XRP Dump? Engineer Says Panic Selling Makes No Sense
XRP Dump? Engineer Says Panic Selling Makes No Sense

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Think about throwing your XRP? Hold your shames – make sure you have a solid plan first.

A well -known software engineer expressed his confidence in Xrp Although its sharp price has decreased in recent market turmoil. The digital currency decreased by 16 % to $ 1.76 amid widespread sale across the cryptocurrency market.

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Market drops hit the main encrypted currencies

Bitcoin The values ​​also decreased, as more than 8 % decreased to $ 76,000, based on market data taken in modern news. The sales process appears to be part of a larger decrease and multiply many cryptocurrencies.

Vincent Van Code, a famous number among software engineers, opens that the last price drops are a Fear result And not the inherent issues with the XRP itself. According to its evaluation, the current sale pressure does not depend on any major reason that exceeds the morale of the public market.

XRP: Spike previous prices attributed to political reasons

According to Van Code, the previous sudden rise in the price of XRP from $ 0.54 to $ 3.40 was mainly driven by Blood -supporting currency policy Expected from the new American administration. This indicates that the value of the symbol was severely affected by political considerations instead of technical improvements or adoption rates only.

The engineer notes that nothing has changed mainly about XRP prospects, even with low prices. It attributes the current market conditions to the indirect effects of traditional market fluctuations, pointing to reports that the US Securities Market has lost nearly 6.5 trillion dollars in its value during the two -day period last week due to global trade tensions.

XRP is currently trading at $ 1.77. table: Tradingvief

The expert points to greater economic changes

Van Code links the current market instability to describe it as a major geopolitical and economic transformation. Based on his statements, the United States government is believed to be involved in actions that have been retired from multiple economies as part of what he calls “global financial reset.”

The engineer warns that such full economic transformations usually require the collapse of current structures before the reconstruction process, which implicitly means that investors should be prepared for more fluctuations.

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On the shortcomings of the market

Instead of looking at the decrease as a reason for panic, Van Code sees the prevailing positions as deliberate procedures for players in the influential market. In his estimation, some investors have already achieved some good gains by shortening the market before the last prices have declined.

He expected that the same investors would manage their positions in a short time and start buying again, and may stimulate what he called the “miracle” market. Van Code draws an analogy with swimming near the huge whales in a windy sea – but it may be controlled with the right tactics.

The engineer urged XRP investors not to close their sites despite the short -term low prices, saying that there is still a good opportunity to operate a large price once the market conditions are stable.

Distinctive image from Gemini Imagen, the tradingvief chart

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