Following the Federal Reserve's decision to cut interest rates, the crypto market experienced a downturn, with XRP falling by 9.91%. The market volatility and concerns over the Federal Reserve's stance on crypto led to this collapse. However, market pundit Oscar Ramos sees this as an opportunity for accumulation and has personally doubled down on XRP. He advises patience and dollar-cost averaging for XRP holders. Ramos also highlights the launch of Ripple's stablecoin, RLUSD, as a bullish factor for XRP's long-term value. The broader crypto market, including Bitcoin and Ethereum, also faced losses.



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