The post Expert Warns Against December 31 XRP Pump Expectation appeared on BitcoinEthereumNews.com.

Analyst Vincent Van Code warns XRP enthusiasts against expecting a major December 31 price pump, advising a break during the holiday season. As the year draws to a close, the XRP community is rife with speculation about potential price movements. Many XRP enthusiasts are anticipating a major event today that could trigger a significant price “pump” for the digital asset. However, Vincent Van Code, a software engineer and voice in the community, has cautioned against putting too much faith in these predictions. Low Probability of a Major Event In a tweet shared with his followers, Van Code expressed skepticism about the chances of a “big” XRP rally on December 31. According to him, the likelihood of such an event is extremely low—roughly 1 in 1,000.  Moreover, he emphasized that there is little real evidence to suggest that a significant market move is imminent. Accordingly, he urged community members to consider the risks before making investment decisions based on the speculations. “Is this gamble worth it?” Van Code asked, pointing out the importance of being grounded in reality rather than chasing speculative trends without strong backing. Indeed, today, the last day of the year, the crypto market is largely bearish, and XRP is among the victims. XRP has dipped by 2% today, struggling to maintain the $2 price. It even briefly touched $1.9 before stabilizing back at $2. Holiday Season and Limited Market Activity Furthermore, Van Code reminded the XRP community that it is the holiday season when many industry professionals are taking a break. “Who’s actually working?” he asked.  He suggested that key figures and market movers are likely spending time with their families and enjoying their hard-earned success rather than planning large-scale market manipulation. Meanwhile, Van Code acknowledged the fun of speculating about riddles and puzzles within the XRP…

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Filed under: News - @ December 31, 2024 4:28 pm