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🔥Why is top Tom Lee bullish on XRP!?
Yesterday the Federal Reserve updated its interest rate outlook for 2025, triggering a sharp market sell-off.
But Tom Lee, managing partner of Fund Strategies Global Advisors, believes this is actually an excellent time to buy XRP.
He called the decline a "load the truck moment" because fundamentals have not changed and the decline is likely to be temporary.
Tom Lee pointed out that historical data shows that when the Chicago Board Options Exchange Volatility Index (VIX) rises sharply, stock prices tend to rebound within a month. Now, the S&P 500 is testing its 50-day moving average, the starting point of the market's rally earlier this year, signaling that the market may rebound strongly again.
In addition, although the Fed's tone looks more hawkish, Tom Lee believes that they are still basically supportive of the market, but are taking a more cautious approach as they approach 2025. Against this backdrop, XRP becomes an attractive investment option, especially for investors looking to take advantage of short-term fluctuations in the market.
Tom Lee believes XRP’s strong fundamentals and growth potential make it a promising investment opportunity. Let’s stay optimistic and seize this rare opportunity!
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