Top Software Engineer Says XRP Price is a No-Brainer, Risk/Reward Ratio Unheard Of
Software engineer Vincent Van Code recently sparked attention by calling the current price of XRP a “no-brainer” opportunity for investors.
According to Van Code, the current price point of XRP presents an exceptional risk-to-reward ratio. He expressed confidence that the asset is undervalued, implying that this might be one of the last chances to buy XRP at such low prices.
“Unlikely prices this low will be seen again,” Van Code remarked, suggesting that the market might not see these levels for much longer.
Notably, XRP has been down 4.5% over the last 24 hours, trading at $2.08. It is now dangerously close to losing the $2 psychological level again this month. At this price, XRP is down by 33% over the last two months.
Meanwhile, Van Code’s commentary reflects the popular belief that XRP could be on the verge of another significant price surge. Among the factors enthusiasts hope would propel prices are XRP ETFs, Ripple’s RLUSD adoption, and a Ripple IPO.
XRP Potential to “Break Free” from Major Market Influences
Van Code also touched on the idea that XRP is poised to “break free” from the grip of major players in the crypto market. Specifically, he cited Bitcoin, Binance, and Tether, whom he referred to as the “mafia” holding back XRP.
He speculates that once XRP breaks away from these forces, its price could skyrocket, making it a potentially game-changing investment for those who act early. However, he acknowledged that the market could see a significant downturn before XRP takes off.
Despite his optimistic tone, Van Code clarified that his statements were not financial advice.
“I am not saying to buy XRP, just look into it,” he stated. He urged followers to do their research before making investment decisions.
Community Reacts: Take Loans to Buy More XRP?
Meanwhile, his tweet generated excitement among XRP supporters and sparked further debate among critics. One commenter remarked that if Van Code truly believes XRP’s price is a “no-brainer,” he should take out a loan and invest all of it into XRP.
In response, Van Code pointed out that he already has his investments in place.
“You must be confusing me with someone in their early 20s still living at home,” he said humorously.
He went on to clarify that borrowing money to buy crypto, or even stocks, is “ridiculous.” Van Code explained that while he uses CFDs to swing trade Ethereum and Bitcoin for fun, he holds XRP for entirely different reasons.
“It’s blind advice to suggest anyone take out loans to invest in crypto,” he remarked.