Zooming XRP Chart Out to a Weekly Shows a Very Different Story

Software Engineer and Market Analyst Vincent Van Code shared his latest observations on the XRP market, offering a broader perspective on its price action.

In the analysis, Vincent focused on the weekly chart, arguing that a longer time frame provides a clearer picture of the asset’s position within the market cycle. His comments come amid short-term fluctuations that have led to increased speculation among traders.

Weekly Chart Perspective

Van Code pointed out that zooming out to the weekly timeframe shows a different narrative than what daily movements might suggest. He emphasized that, from a momentum standpoint, the market has been trading sideways following its recent significant price increase. Rather than making a price prediction, he explained that the chart reflects a “wait and see” status, where the market consolidates before its next move.

He also addressed the daily price volatility, attributing it to various factors such as market makers, coordinated whale movements, sophisticated bot trading, and manipulation across multiple tokens. He advised long-term holders to focus on the weekly chart instead of reacting emotionally to short-term fluctuations.

Market Fundamentals and Outlook

Van Code highlighted several key factors that support XRP’s long-term prospects. He stated that the asset’s fundamentals remain strong, regulatory developments are moving in a positive direction, and the problem XRP is designed to solve still exists. Additionally, he noted that no competitors are currently posing a significant challenge and that no ongoing legal issues affect its status.

He drew a parallel between this market phase and his past experiences in stock investments, particularly in the pharmaceutical industry. Recalling a situation where he invested in a company developing a new HIV drug, he explained how negative headlines caused the stock price to decline by 60%.

However, after conducting thorough research and focusing on long-term fundamentals, he held onto his investment. Eventually, the company’s clinical trials advanced, leading to a 120% increase in stock value.

Advice for Investors

Van Code backed the importance of focusing on market fundamentals rather than short-term noise. He urged investors to mature in their approach, zoom out on the chart, and filter out unnecessary distractions.

While he clarified that his comments were not financial advice, he encouraged others to study the underlying value of XRP and its primary use cases rather than getting caught up in daily speculation.

His analysis serves as a reminder that long-term market movements often involve periods of consolidation before resuming their trend. For XRP holders, this perspective may provide reassurance amid current market conditions.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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