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Hello this is Matt on the moon Lambo Channel a very popular chart analyst Says that the next leg up for xrp the Next movement wave three in his wave Count is going to bring xrp anywhere From $188 to $585 and it's it's so cute to me all the People that are afraid out there on Social media making their concerns known Oh The Angst because xrp's been moving Sideways other coins even when the Market goes down so there are days where You know xrp takes a greater beating or When the Market's up it seems like There's a bunch of coins that are up yet The percentage gains for xrp are not as Great and sometimes these things are True yet I will point out xrp has been Around for over a decade and xrp has Always been in the top 10 cryptos by Market cap and if you just understand Historic precedent indicates that xrp's Price action currently is not weird it's Actually in line with what it has done Throughout history then maybe it could Breathe a sigh of relief because the Fact that xrp causes this amount of Emotional pain again like I just said Historically normal that also in and of Itself the fact that it causes this much Pain that fact that's moving sideways or Down for prolonged periods of times Maybe to a greater degree than other
Coins that in of itself is not an Indication that xrp will not melt faces To the upside it doesn't mean xrp won't Hit a new all-time high it's just that This Market beats people up and and and So I'm going to share with you that Perspective from that analyst but you Know what I want to do first because I've been saying many many times That if we're going to expect xrp to hit A new all-time high we need Bitcoin to Hit a new all-time high first I think That that's and look I'm not saying it's 100% chance but I'd be shocked if Bitcoin doesn't hit a new all-time high This cycle but xrp does what to me it Just seems like a you know effectively a Prerequisite that Bitcoin must hit a new All-time high and then xrp can run and Historically it runs later in the cycle Okay but in order for Bitcoin to hit a New all-time high we need to see uh the Stock market continue to move to the Upside but there's a concern with it you Know like the S&P 500 it's been Consistently heading to alltime highs uh Isn't that a bad time to buy into the Market well I'm going to share with you Something at the outset that should give You confidence that actually Historically speaking as it pertains Specifically uh to investing in the Stock market we'll take a look at the S&P 500 actually no
Historically uh perhaps we should expect That it is going to keep chugging to the Upside which is what we want because Again if you want xrp to hit those highs Which I'm going to cover in this video From that Analyst I just I don't see a world where It happens if the stock market isn't Moving up the asset classes uh they move In tandem they just do equities and Crypto it moves in tandem so if this is Really the top of the stock market I'd Be surprised if Bitcoin is going to hit A new all-time high and as a result I'd Be surprised if xrp is but I'm not so Sure we need to be worrying about that Hang with me I'll explain but before Going further I do going to be clear I Do not have a financial background of Any kind I am not offering Financial Advice and you definitely should not buy Or sell anything because of anything I Say or right I'm just an Enthusiast who Enjoys making YouTube videos about Crypto related topics but just as a Hobby and just for fun uh we've had a Heck of a day actually I know xrp is Only up about 1% of the time I'm Recording this which by the way in case Anyone's curious is 8:37 p.m. central Time Thursday February 8th 2024 uh but still xrp up the whole Market's up uh Bitcoin leading the way Currently 45,8 825 bucks which is its
24-hour High it just happens to be right At the time that I'm recording this Here's a glorious 24-hour chart and um Here's the crypto fear and green index 72 out of 100 so not surprising to see That it's higher given the current price Action no surprises there but what about The S&P 500 which again you know the S&P 500 it's just an index that tracks uh The top 500 publicly traded companies in The United States and there are all Sorts of funds that you can invest in That will that are designed literally Just to mimic that performance that you Have broad exposure to the asset class And so um here you have the S&P 500 um at a uh a new all-time high Here's a post this one's from yesterday But there's all I mean how many times Has it hit a new all-time high this year At this point I stopped keeping track After like five uh but here you have Chart analyst Jason pazo he shared this Chart S&P 500 and he said the S&P 500 Just hit 5,000 points for the first time Ever and a new alltime high this is the Fastest upside move since the co crash Low in 2020 rip to the short the breakout Traders I yes I remember that March 2020 Bad times major pullback for the stock Market uh Bitcoin tanked xrp tanked it Down to like 10 cents um I was able to Purchase xrp at the time as low as 15
Cents the cheapest I personally have Ever bought xrp in my entire life so I Was pretty thrilled for that I know People were losing their ever living Mines but I was like yeah I'm going to Buy more here I've just been sitting on It because again I don't control when The market goes I'm just going to sit Here waiting um but again you know cuz Look you guys understand right you've Been in crypto more than five minutes You know that if a coin's hitting a new All-time high a cryptocurrency probably A bad time to start F to to start foming Into that you know purchasing that History has showed us that when coins Pop like that especially after typically Parabolic advances probably the worst Time to buy and it would be the best Time to buy when there's blood in the Streets pricewise right when the price Looks like it's in the gutter well What's going on with this then because There's this headline this happens to be On the NASDAQ website but it's a mly Fool article titled the S&P 500 just hit An all-time high the best way to invest Right now so you might be thinking wait A minute uh investing in the S&P 500 Right now are you telling me that's a Good idea well I'm not telling you Specifically anything I'm not offering Financial advice here but there's some Historic precedent to think that the
Answer actually is yes and let me read Just a couple key parts of this article Because again if you want your xrp to Hit a new alltime high then you need Bitcoin too and if bitcoin's going to Hit a new alltime high then you better Really be praying at night that the S&P 500 will be hitting a new all-time high Too because if this is as high as it Goes and we reverse to the downside that That could be it for years potentially Uh you know even if we see some glorious Popping off for some coins in the coming Months okay that could still happen fine But uh if you really want to see the Greatest fireworks and you want to feel Much more confident xrp this Market Cycle finally will perform uh this is What you this is what you're going to Want reads as follows some investors Might be wary of investing in a market That's making new highs after a stellar Run are stocks due for a pullback at the Very least they should show slower than Average growth right it's in these Instances that history can provide some Guidance on the best way to invest as The market makes a new all-time High we have experienced and this is the Crucial part here check this is the most Important part I want to make uh most Point I want to make from this article And then I'm going to move on to the the Rest of the crypto stuff but you I just
I wanted to preface it with this and There's good reason we need this to be The case and we hope that it is even Though we don't know reads as follows we Have experienced 11 bare markets since 1950 sometimes the declines were slow And sometimes the market crashed Sometimes the recovery came quickly and Other times it took years before the Market would make new highs again but Stocks as a group have always recovered To set new all-time highs what's most Interesting is what happens after they Reach that all-time high following a Bare market and folks this is it right Here because again we just came out of a Bar Market not just in crypto 2022 my God dumpster fire of a year we know what Happened in 2023 caught a lot of people Off guard there are all sorts of Reputable analysts out there said yeah Pretty pretty confident that 2023 is Going to be an awful year and it was a Rather glorious year all things Considered um so we we're off the heels Of that bare market now we're just Starting 2024 and so here's the point They're making reads as follows in all But one instance the S&P 500 closed even Higher one year after reaching a new High and not just a little higher on Average stocks were 16.2% higher one year after reaching a New high following a bare Market folks
Please tell me you let that seep in out Of the the last 11 bare markets dating Back to 1950 out of the last 11 there was only One instance where once a new all-time High was hit after a bare Market that The that the market wasn't higher a year Later so if his if we if we're to look At history and say you know it's going To kind of rhyme with itself because That's usually what happens then the Market one year from now is going to be Way higher and I'm talking about the S&P 500 which again is important because When you're talking about stocks that Like Moves In tand them with crypto if You want crypto higher you want blowoff Tops and all that fun Jazz you better Hope this happens and so they note here Again the stock market S&P 500 not just a little higher they say on Average again stocks were 16.2% higher one year after reaching a New high following a bare Market which Again folks that's the position that We're coming out of out of the bare Market just hit a new all-time high so It's not that it's impossible to see That this is the cap and we could look Back and be like look back in here and Be like wow so out of the last 11 Instances now it's now there's there's 12 instances and two out of the 12 were Crap okay so that could happen but if
You want to play the odds maybe not as Likely which would be great then they Say for reference the average return for The s&p500 in any given year since 1950 Is 9.3% and the compound annual growth Rate for the index is 7.9% or 10.2% if you factor in dividends In other words The environment that pushed stocks to a New alltime Peak typically persists and Leads them to keep growing at an above Average pace that makes it a prime Opportunity to invest in stocks right Now and so that that's what the article Says and it says that this environment Again when we see this typically it Persists and has a better year than what The average is so if you're looking Again they said with dividends um what They read 10.2% Dating back to 1950 they're saying that on average Stock's actually going to substantially Outperform that 16.2% instead one year later so if we Are indeed going to see that what does That mean for Bitcoin what does that Mean for xrp I'm just saying if the if The S&P 500 is going to be doing that Over the next year you're telling me Bitcoin's not going to go bullistic and Hit a new all-time High and so again I think this is a Prerequisite this better
Happen but but if this does happen What Bitcoin doesn't hit a new alltime high Xrp doesn't hit a new all-time high I Think we're going to have in insane some Of the most insane Mania in crypto ever To exist should this continue and that That but we're hanging on this from Moment to moment hoping this doesn't all Fall part and crater to the downside Which is technically possible but is it The most probable well if you look at This which again is just one thing to Consider the answer is No then we have this from dark Defender This is an xrp price chart and he's very Optimistic that we're going to be seeing A new all-time high in the not too Distant future he obviously he has made His conviction welln and I share that Conviction I don't make price Predictions that and I don't pretend to Know where it's going to go and hell I Could be wrong but I have strong Conviction well dark Defender shell has Some strong conviction too and here's What he had to say we recently checked The xrp daily frame and discussed the Five wve correction in the daily frame Has ended the weekly time frame and RSI Are slightly underperforming compared to Daily and have a weekly resistance to Break the regular ABC corrective wave Has also been completed as shown below The only thing which might spoil the
Current balance is the expanded wave C Possibility above 52.8 cents this PO Possibility will be lower and by the way I'll just pause to note that xrp Although it's at 51.9 cents right now it Did hit as high as just over 52 cents And again the Market's moving to the Upside at least at the moment that I'm Recording this so we'll see what it is By the time you guys are watching the Video but hopefully even are and then he Says as a summary it looks like we also Completed the correction in the weekly Frame Wave 1 ended at 93.2 7 wave two end and so of course I Probably don't need to say this but that Was obviously uh July 13th when the Price of xrp damn near doubled in like Several hours uh xrp Victory Day xrp got Its legal Clarity so wave one ended says 9327 cents you can see it on the chart On the screen then he says Wave 2 ended At 43.676900 Potentially Anyway uh so then he says wave three Expected at $188 to $585 and can extend towards $18.22 and when we hit the targets we Will discuss the wave four possible Retrace retrace and wave five Completion so again like that type of Price action not crazy in the world of
Crypto when you're talking about Euphoria in markets and blowoff tops Even for large cap Co like that doesn't Sound crazy to me in the least I don't Know if it's going to happen but it Doesn't sound crazy to me in the Least and so as the long as long as the Market stays hot I'm going to continue To remain optimistic and let's be real Here the best chart analysts on the Planet do not know what is going to Happ They have their convictions but nobody Knows for sure there are people who have Uh great track records broadly speaking That would strongly disagree on this Topic which is a the utmost importance As far as I'm concerned uh considering What as far as what's going to happen in The world of crypto are we going to see The new alltime highs or not nobody Knows you just have a bunch of people That very strongly believe things on the Internet so I still I look not to take Away from what they're doing I just Don't take me the wrong way like I Appreciate the perspective and we're Going to see who's right I'm just saying The reason that I was said what I just Said there is because I know that some People are terrified that we are going To be seeing that breakdown and we're Not can be seeing a new alltime high for Bitcoin or xrp and while I guess I Acknowledge that's possible I just don't
Think it makes sense to be living in That fear because we don't know for sure Let's just wait until we know and then We'll deal with reality you know and the Reality right now is that it's an actual Possibility that unfolds I just don't See a reason to not sleep easy right now And then even if that happens I still Don't see a reason to not sleep easy Because what you think the Market's Never going to come back look I'm here To play the long game whatever that Means I'm here to play it and I believe That this AET class is going to be way Bigger if you fast forward another Decade in the future I don't care how Long I have to wait relatively speaking You know I might be there know 30 40 Years like that'd be outrageous but I'm Just saying um you know I just whatever It takes it takes and I'm going to sit Here and be patient AF I will outpatient Anyone else in the Market I'm not a financial adviser you Should not buy yourself anything because Of anything I say or right that would be A very very very bad idea until next Time to the Moon Lambo
