The cryptocurrency market was sent into a tailspin Monday, and XRP was no exception, plunging 16% to $1.76 as broader digital asset sell-offs intensified. The shockwave follows an even larger correction across the board, with Bitcoin shedding over 8% to hover near $76,000.
While some investors scramble for the exit, others are holding firm—among them, software engineer and blockchain analyst Vincent Van Code, who remains bullish on XRP’s long-term trajectory despite the pain in the short term.
XRP’s Rollercoaster Fueled by Politics, Not Fundamentals
According to Van Code, XRP’s historic surge—from $0.54 to a jaw-dropping $3.40—was not solely a product of technical momentum. Instead, he points to U.S. political optimism and anticipation of crypto-friendly policy shifts as key catalysts.
Now, with rising global tensions and collapsing equity markets, Van Code believes XRP is simply caught in a perfect storm of fear-driven market behavior.
“What we’re seeing isn’t a collapse of fundamentals—it’s a response to macroeconomic chaos and emotional selling,” Van Code said.
Echoes of a Global Reset
Van Code takes it a step further, describing the current market chaos as a symptom of a “global financial reset.” With U.S. markets reportedly losing $6.5 trillion in value over just two days due to trade tension shockwaves, he sees the pressure mounting across financial sectors—including crypto.
The reset, he says, is not just economic—it’s structural.
“Major financial changes usually start with a breakdown. We’re in that phase now,” he noted, cautioning investors to expect more volatility ahead.
Whale Games and Market Manipulation?
As prices tumble, Van Code points to strategic shorting by powerful market players as a key factor driving the plunge. He suggests that some large investors may be intentionally manipulating sentiment—profiting on the way down and poised to flip their positions for massive gains on the bounce.
This theory has gained traction on crypto forums, where discussions of “whale games” and coordinated dumps are reaching fever pitch.
“Don’t Sell Now,” Says Van Code
Van Code is urging XRP holders not to abandon ship, likening the current environment to “swimming near whales in a stormy sea.”
Despite the downturn, he believes XRP still has the potential for a miraculous recovery—especially once macroeconomic stability returns and policy signals turn green again.
His message is clear: Hold the line.
