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Hello this is Matt on the moon Lambo Channel today we have seen one of the Most explosive moves for Bitcoin to the Upside in history xrp has moved in kind And so you might be wondering what Should we expect next for xrp Specifically uh that's something I do Want to talk about and I have Perspective from a couple top chart Analysts including one who says that With what has been happening with xrp Throughout this in consolidation period It's going to catch a ton of people off Guard and it's going to stun them and Xrp is absolutely going to rip to the Upside but before going further I do Want 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 as I record this video it Is 5:28 p.m. central Time Wednesday uh March 20th 2024 and things are looking a lot Different than they did just a little Bit earlier this morning that's for sure At the time I'm recording this xrp 61.4 um 24-hour low for xrp 57.5 cents 24-hour high 61.8 C take a look at Bitcoin currently
6777 24-hour low though 6,979 bucks 24-hour High just air over $68,000 it actually was right at that Right before I started recording this Video maybe like I don't know 5 or 10 Minutes minutes ago incredible explosive Move to the upside and considering the Sentiment that we've seen from people in Recent days people screaming on Twitter I I'm not even saying that it's most People that have been terrified uh but a Lot of people have uh you can see it on The crypto fear and greed index moving Down to a level that we haven't seen in A while I highlighted that yesterday and Uh didn't make sense to be fearful which Is why I shared in a video literally Last night that I had been purchasing Cryptocurrencies for the last 3 days not Knowing if the market would go lower and If this is some sort of fake out and it Goes lower I'll still be enticed to buy More that won't change my stance but um What I'm seeing from people now is an Expectation that this most recent lad That was the bottom that was quick Though like if that really is the bottom And some of these analysts are correct And I'm not pretending to know because I'm not a CH guy but if that's correct Man that was really quick I was showing In a video yesterday like if you look at All the drops that we've seen since the Bottom of the bare Market you know since
2022 like these frequently last weeks How long has it been like several days What has it been 5 days something like That it hasn't it hasn't been that long Since we've been in this drop and so if This is the break to the upside okay so Be it I won't be upset about that um I Will note though that if this is indeed It there's a a good reason for this I Think um now most of the time when news Breaks um you know people attribute Whatever is happening in the crypto Markets already to that news they say The news is what triggered that that's That's normally not true in in my from My perspective Uh here you can see that there's you Know news lining up with price action And that does happen too uh there was Something happening and I'm not going to Talk in great depth in this in this Video maybe I will in a subsequent video But be aware of this here's santiment Onchain analytics firm reporting on this Uh the feds uh you know bottom line here Not changing rates now and have signaled That they're going to decrease rates in The future and Market thinks that's good Even though historically that's usually Not good is what it is but San wrote The Following after the fomc announced that Interest rates will be standing Pat for The time being crypto markets rebounded With a Vengeance Trader bullishness is
High as the fed's decision benefits Equities and cryptocurrencies Correlation with the S&P 500 yeah so Like I always Say cryptos I don't I know people like To say but it's Bitcoin it's it's the Sound money it's the hardest money there Ever is like that book titled hard money You can't f with and I'm censoring it There uh okay super duper and I'd Probably agree with a ton of points made In the book I haven't read it but I'm Just kind of guessing because I'm a I'm A crypto bro but the people that say This stuff they like to pretend like Cryptos are not risk on assets they're Treated the same as equities as evidence By what happened today the FED has some News Market shoot to the upside you Can't tell me that that this can't be Effed with If the Fed is controlling it To some degree because they're Absolutely they're having a huge impact On it in in in specific moments like This it's again crypto risk on assets It's just the case don't let anyone lie To you cryptos are absolutely treated Like Risk on assets um so the S&P 500 Breaking up to another new alltime high Today ripped at the exact same time Crypto did just it is what it is and Here's a post this is at 4:03 p.m. Central Time so not long ago from chart Analyst jelly simply wrote and just like
That the weekly candle does not look That scary anymore just goes to show That staying bullish at support is Generally a good idea # Bitcoin right And so that's why I was saying yesterday You you just you buy into strength Broadly I'm not telling you specifically Listening what to do but that the con is You buy into strength even during Pullbacks if you're the type of person That maybe you have some Capital uh you You'd like to jump in is it a good time To buy when you're in a bull Trend Upwards when there happens to be a Correction to the downside well very Frequently the answer is yes you know It's it's the same thing in November 2020 when FTX collapsed I was like guys I know everybody's scared out of their Minds here but uh this is major Capitulation I'm buying into this and That that was at the region in time Where it was the bottom roughly it was Like right there same concept here even Though we're in a bull market now that Part's like very clear moving to the Upside same concept it's dramatic pull Down good time to buy uh here's a post From Bitcoin archive on X new Bitcoin Back over $68,000 with a massive $6,000 Green candle the biggest Daily Dollar Increase since Fe February 2021 so folks this is a fairly historic Day now I we'll see where Bitcoin closes
But either way they just have that move Even that's something uh here's a post From chart analyst Nick crypto Crusader $68,400 is the target for the daily Close in my opinion we have bottomed on This move and now we wait for $70,000 Plus to be hit next the key thing to Take from this is to remember how Bearish we were right around the bottom Of this correction yep spot on so we'll See what happens I I agree with the Sentiment anyway and in terms of the Chart analysis I hope he's correct that That actually was the bottom I'd prefer To move to the upside but uh you know we Actually get a mo another move to the Downside okay twist my arm I guess I got To buy some more stuff because we're in A bull Trend I'm not exactly going to be Crying over that but right now I'm Feeling pretty damn good about those Three days of buys that I put in as and And one day after the next uh the Investments I made were down as I Expected because I can't time a bottom And here we are now stuff ripping to the Upside in the markets green today how About That here is a post and I actually Shared this yesterday this is a post From yesterday and then I'm going to get Into the brand new stuff from him but Just want to set the table a little bit In case you guys miss this this is a
Post from chart analyst credible crypto Yesterday afternoon talking about the Xrp BTC pair despite all the people in The comments of my last post talking About how we are back where we started After that drop on bitcoin the xrp BTC Pairing is still 3 to 4% higher than When I tweeted and has maintained a Higher low which means nothing has Changed and the idea is still going Perfectly to plan those who are not Understanding this may benefit from Studying and understanding the Relationship of alt BTC Pairs and ALT Slusd pairs in any case now that Bitcoin May have begun to stabilize we should See this pairing continue to upside Targets which should coincide with a Rise on xrpusd as well as long as Bitcoin doesn't drop further and so he Was already displaying his bullishness Yesterday uh he swats back against the People in his comment sections that say Xrp is a dino coin or a crap coin and People asking why do you even like xrp Like you got such a great hit rate I'm Paraphrasing you're like you're right so Many times why do you think xrp is good And his response in multiple instances Recently has been you'll see Soon yep and he he certainly shared that Sentiment today in fact he shared a 60-minute video which I did watch this Afternoon uh sharing a market update on
What you specs with Bitcoin and and xrp And I'm I don't regurgitate T at least I I try to keep it to a minimum on this Channel because that's not what this is About if you want full-blown technical Analysis if that's your jam there are Tons of channels that offer that that Are great at it I offer something a Little bit different I'd like to share Diverse opinions including perspectives From multiple CH chart analysts uh but I Don't like to regurgitate that I just Like to share what's the ultimate Perspective because it's kind of fun to Track who's more right than wrong and I'd certainly argue that credible crypto Is a topshelf chart analyst he is among The best in this cycle he's arguably Probably been the most Accurate and so um he shared this post This afternoon 12:52 p.m. if Bitcoin Gets one more leg down as discussed in My latest vid update we likely see Something like this on xrp and let me Pause right here so that was 1252 uh and so this was right before you Now we got the Bitcoin chart pulled up You can see this is right before uh Bitcoin started uh ripping to the upside So it at that point it was at I mean It's up a You could argue it's up a Little bit from the most recent low but What $64,000 it hadn't really done the Most impressive move yet which we have
Seen this Afternoon uh and so again he says if Bitcoin gets one more leg down as Discussed in my latest video update we Likely see something like this on xrp Would be an excellent opportunity to Add/ start start a position at 54 to 55 Cents if looking for additional exposure And so it's not that he thought that That was going to happen and in fact in His video he explicitly stated that you Know if if xra is going to drop like That it's going to be led by Bitcoin and He said he didn't think that that Bitcoin was going to be going down to Like $53,000 or so which some analysts Have been calling for he said no that's Not what's most probable in fact he Saids it looked like this is looking Like this is the point where we have Some sort of bottoming structure and you Know he noted and this is this is Interesting because you know me not Being um not being a chy there's Something that I've said a number of Times over the years which I firmly Believe is true and he said what I would Say is functionally the equivalent but Stated in technical analysis terms and So he said that xrp hasn't had a macro Move since 2017 and and that everything since then Has just been six years of ranging and As a result he says that when xrp
Finally does make a move it will leave People in stunned disbelief and that is Functionally equivalent to what I have Been stating for years which is that Either xrp goes to zero or it will hit a New all-time highs one of these things Will happen I've made it clear which I Think is the most probable though I Admit I don't know for sure what will Happen with xrp price I have strong Conviction xrp moving to the upside Eventually hitting a new all-time high Entering price Discovery I have strong Conviction for tons of reasons I've been Articulating on this channel for over Half a Decade but uh neither of those things Has happened xrp hasn't hit zero and it Hasn't hit a new all-time high so all of The moves in between yes for over 6 Years it's all ultimately been Inconsequential at least for me because I'm waiting for one of two things to Happen so all the stuff in between yes Literally for that long for over six Years doesn't matter it's ranging for Six years and yes I'll make the argument That incredible crypto acknowledges it Too if not for the SEC you know would Have seen a breakout to the Upside in probability he's he absolutely Does blame and rightfully so that the SEC is squashed up but as a result fine Longer ranging
But as he has stated multiple times the Longer something ranges the longer Something consolidates when it finally Goes it's like so he actually thinks That the break is going to be bigger Than what we would have seen last Market Cycle had the SEC not intervened that's Pretty Incredible and he says you know that the Xrp BTC chart can look better um even if Bitcoin and xrp are are dropping in Price against the United States dollar Even if both were and again we have the Benefit of hindsight we see that at Least for now anyway um Bitcoin has Breaking to the upside spurred obviously By the you know by the fomc meeting that News breaking so we see that Bitcoin and Xrp moving to the upside against the United States dollars but he he was Saying in this video that you know the Xrp BTC chart uh can look better even if Bitcoin and xrp were dropping in price Against the United States dollar and he Just noted that this would happen so Long as Bitcoin drops more substantially Than xrp so even if both go down if Bitcoin's dropping worse price X and Bitcoin it's going to cost more Bitcoin To buy an xrp that's the point that he's Making but um you know and he said you Know this would happen so long as Bitcoin drops get more substantially xrp But he says if Bitcoin trades sideways
Or increases in price and right now yes It's increasing in price then he expects That xrp will gain g ground against Bitcoin and the United States dollar he Still says this is the moment this is The point where it's reasonable to start Looking at the breakout point and and um He said another thing that was fantastic Which was transcribed by xrp Community Needs book so I pulled it up for the Purpose of this video but it was stuff Along the lines of yeah these people are Going to be in stunned disbelief all the People all the negative sentiment on on Social media platform X these are all Just signs that um you'd expect to see At the moment right before xrp breaks uh He firmly believes that it's going to be Moving to the upside and he shared this Post and this was transcribed by NS Bucks and this was towards the end of The video and it was It was a pleasure To hear this and he had some more to say This but this really gets to the meat of It I think that's fair to say so here Here's here's what credible crypto Stated this is a quote I think xrp Seriously the amount of frustration and Hate and absolute destruction of hope That I see on Twitter right now makes me So much more confident in what is to Come it makes me so much more excited to Be in position on xrp for what I think Is going to be a move the likes of which
Is going to leave most of the market Stunned as it did in 2017 There is no doubt in my mind that we are Going to see an explosive move here end Quote yep now that is obviously bullish Sentiment but it's grounded in real Analysis and experience in the market Dating back a better part of a decade in His case and then NBS wrote credible Making his opinion clear the Battle of Frustrated holders versus optimistic Traders continues yeah so who do you Think is right the people uh that are Whining on the internet like little or the the the experienced Analysts who control their emotions and Have actual data to back their Perspectives who's more likely to be Right because pretty much all the Analysts that I follow who are reputable Who don't just despise xrp because Reasons they acknowledge yeah this would Be the moment if it's going to break More or less this doesn't mean it has to Be today tomorrow next week whatever in Terms of the chart structure this is the Moment where roughly would happen why do I keep seeing that versus the whiny on the internet what do you guys Think Who is more likely to be right the whiny People with emotions or the people with Logic data and reason and experience in The
Market unless there's a Black Swan event You know who I'm voting for you Know so we have so much to look forward To continue I continue at least to have A blasty blast in the crypto space this Is such a fun time to be in crypto and Even during the the dip in recent days If you noticed that my demeanor was just As cheery as ever well that's how I Always am when the market dips because It doesn't matter because it always to The upside and it has been for 15 years And every single time sentiment gets Diminished because there's a move to the Downside some people some people Actually AAR this is the moment it all Falls apart it's been treading along we Have more Real World Adoption more use Cases all but it's all going to fall Apart now because I feel like it's scary Now that's how humans work it's stupid Which is why I just buy stuff and hold And do absolutely nothing I've been Holding xrp since 2017 I am not Impatient because I firmly believe I'm Right I have high confidence we'll find Out if it's rightfully placed or not but I have that high confidence and I think It's deserved we're going to see a face Melting rally we're going to see xrp hit A new alltime high in price Discovery Much sooner than later if these analysts Are correct including credible crypto Who has an incredible hit rate hit rate
This is it's such an amazing time to be In Crypto I'm not a financial adviser you Should not buy or sell anything because Of anything I say or right that would be A very very very bad idea until next Time to the Moon Lambo
