The price of XRP has dropped significantly! Oscar Ramos' Best Investment Strategies for Beginners
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- Опубликовано: 19 дек 2024
- XRP's price plunged by 9.91% yesterday, hitting a low of $2.23. This dramatic drop happened amidst market turmoil triggered by the Federal Reserve’s decision to cut interest rates by 0.25%. But is this the right time to buy XRP? Let’s explore Oscar Ramos’ insights and the investment strategies he recommends.
The Federal Reserve’s interest rate cut has been the big headline this week. With rates now at 4.5%, the move was expected to stimulate economic growth. However, instead of a positive outcome, this policy sparked massive volatility in financial markets.
The U.S. stock market lost $1.5 trillion in value, while over $310 million in crypto assets were liquidated within 24 hours. XRP was among the hardest-hit cryptocurrencies, dropping sharply to $2.23 before slightly recovering to $2.34.
According to Federal Reserve Chair Jerome Powell, the central bank has no plans to hold Bitcoin or other cryptocurrencies anytime soon. This statement further weakened market sentiment in the crypto space.
Amid this chaos, market analyst Oscar Ramos views the XRP price drop as an opportunity. In his commentary, Ramos explained that such corrections are common in volatile markets and often create chances for accumulation.
For instance, Ramos compared the current situation to XRP’s dip on December 10, which followed Ripple CEO Brad Garlinghouse’s interview on 60 Minutes. Back then, XRP rebounded within a few days.
Ramos’ strategy focuses on dollar-cost averaging (DCA), where investors buy assets gradually to mitigate risks from price fluctuations. He also emphasized the importance of staying calm and avoiding emotional reactions in situations like this.
However, Ramos acknowledged that some investors might opt to sell their XRP to secure profits. It ultimately depends on each individual’s goals - whether they prefer to wait for long-term gains or take quick action for short-term returns.
One reason Ramos remains optimistic is the launch of the RLUSD stablecoin by Ripple. Ripple President Monica Long highlighted the growing demand for regulated stablecoins, predicting this market could reach $3 trillion by 2028.
The RLUSD stablecoin is expected to boost XRP liquidity and strengthen Ripple’s position in cross-border payments. According to Ramos, such diversification is crucial for driving XRP’s long-term value.
XRP is currently trading around $2.35, down nearly 7% in the last 24 hours. But as Ramos said, “Patience is key.” Price drops like this often present opportunities for long-term investors.
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