Why Isn’t XRP Skyrocketing? Expert Explains The Hidden Forces
XRP prices fell below $2 for the first time since December 2024, despite positive developments for the cryptocurrency. Market analyst Vincent Van Code attributes this decline to economic issues, particularly tariffs imposed by the U.S. government. He believes these trade tensions are temporary and may lead to a market rebound. XRP's price dropped to $1.64 but rebounded to $1.82, indicating strong fundamentals that have improved significantly since the SEC lawsuit's peak. Positive factors include the resolution of the SEC-Ripple case, potential inclusion in U.S. digital asset reserves, and Ripple’s acquisition of Hidden Road. Van Code advises buying XRP during low sentiment while maintaining strong fundamentals. He identifies regulation, corporate usage, and partnerships as key drivers for XRP adoption and cautions against reacting to short-term price fluctuations influenced by external factors. The overall cryptocurrency market remains sensitive to economic policies, with optimism that XRP's price will reflect its positive developments once external pressures subside.
