XRP has experienced an unexpected price decline below $2, marking its lowest point since December 2024, despite several positive developments in the Ripple ecosystem. Market analyst Vincent Van Code suggests this downturn is tied to broader economic factors rather than XRP-specific issues.
Global Trade Tensions Impact Crypto Markets
The recent cryptocurrency market decline has been largely attributed to escalating trade tensions following Trump’s new tariff policies. Van Code characterizes the situation as a temporary economic pressure tactic that could lead to a market rebound once resolved.
XRP’s Strong Foundation Remains Intact
Despite falling to $1.64 on April 7, XRP demonstrated resilience with a 10% recovery to $1.82. The cryptocurrency’s fundamentals have significantly improved compared to last year, supported by three major developments:
- SEC case resolution in favor of Ripple
- Potential inclusion in US digital asset reserves
- Ripple’s strategic acquisition of Hidden Road
Market Expert’s Investment Strategy
Van Code advocates for a strategic approach during market uncertainty:
- Focus on weekly charts for major decisions
- Utilize hourly charts for day trading
- Buy during low sentiment periods when fundamentals remain strong
Future Catalysts for XRP Growth
Three key drivers identified for XRP’s future adoption:
- Regulatory clarity and compliance
- Increased corporate adoption
- Strategic partnership expansion
FAQ Section
Why is XRP falling despite positive news?
The current decline is primarily attributed to broader market conditions and global trade tensions, not XRP-specific factors.
When might XRP recover?
Analysts expect recovery once global trade tensions ease and market sentiment improves, potentially reflecting recent positive developments.
Is XRP still a good investment?
According to Van Code, XRP’s fundamentals remain strong, suggesting potential long-term value despite short-term market volatility.