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Hello this is Matt on the moon Lambo Channel my fellow xrp holders the wait Is almost over now I don't know if that Means we have to wait a day a week a Month a quarter but we are so close to Finally seeing xrp Blaze to the upside Hit a new all-time high in Enterprise Discovery that's that's my that's my Conviction anyway nobody can know for Sure of course uh but I have never felt So confident that will be the case the Weight is almost over and uh xrp as it Turns out continues to be resilient it Has been for over a decade it was Resilient even throughout the the Nonsense of SEC allegations claiming That xrp itself is a security never Falling out of the top 10 cryptos by Market cap look at these headlines for Example I'm going to get to these from You today xrp epic Milestone sees 59.8 Billion xrp spread among 5 million Holders uh then there's also this from You today this xrp metric surges to 10 Billion 10 billion and can affect price Greatly it's just it it it continues to Impress and I understand that for some People the sentiment is in the gutter Right now as it pertains to xrp but when I look at everything that xrp has been Put through well keeping in mind Obviously what we in the community have Been put through obviously uh I just I Continue to be impressed and this is
Against the backdrop of Bitcoin just the Other day hitting a new all-time high And it's just a matter of time I believe Until it hits further all-time highs It'll be you'll have a string of days Probably where Bitcoin is just hitting Alltime High After alltime High After Alltime High which is just what happens As it Trends to the upside uh after Entering price Discovery so I do want to Talk a little bit about that too and I'll probably start with that in the Video because frankly even if you're Like me and you care way more about xrp Than Bitcoin uh Bitcoin leads the market If bitcoin's going to have a move to the Downside it's going to hit xrp and Everything else I want to talk about That in broader markets 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 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 xrp at 63 Cents 24-hour High actually 63.8 Cents and just don't forget very Recently uh xrp had dipped as low as 49 Cents it was the end of the world Remember that the sky is f oh my God It'll be in the 30 Cent region before
You know well here we are Bitcoin moved To the upside and once you know it's xrp Broadly speaking does what it typically Does it just moves in tandem with the Rest of the market and then one day it Just blasts off there's lots of historic Precedent for this uh here you have Bitcoin at 66,9 127 bucks with a 24-hour high of Almost 68 ,000 so it's moving around This range and oh by the way and I don't Usually talk about ethereum because even Though I hold it and it's the first Crypto ever bought bought uh I just Don't care it's like I don't care about I'm not that excited about it there's Less opportunity uh in Bitcoin and eth But if you're talking about opportunity To large cap coin as far as I'm Concerned xrp is where it's at but eth Been running lately it's at 3,887 bucks 24-hour high of $3,929 by the way in case somebody is is Curious when I'm recording this it is 6:34 p.m. central Time on U Thursday March 7th 20124 so eth getting close to its All-time high and and you do want to see This like Bitcoin leads the way uh then Eth historically starts running um and Eth alltime high 4,861 C you need about Another, to get there and xrp Historically lags Behind and so you you know you know
It'll be interesting to see what happens Because like in in the 2017 2018 Bull Run eth and xrp both hit about the same Height in terms of market cap they just Hit it at different times it'll be just Kind of curious to see to what degree Xrp plays catchup here um because the The market cap for eth 459 billion for Xrp it's only 34 billion so obviously Way more opportunity in xrp than eth you Got the crypto fear and greed index at 81 of 100 so we are back in extreme Greed and we were also yesterday at 82 Out of 100 so what about Bitcoin what's Actually happening here well obviously Given it's been a couple days since uh Bitcoin hit its all-time high uh and It's still in the upper 60,000 at this Point after falling back a bit after That selloff uh that is impressive like Nobody out there listening is going to Deny like that is impressive as I'll get Out the fact that Bitcoin has been Hanging like that Uh after that major capitulation event That didn't see further sell off well Check out what sanate has to say about This this is fascinating onchain Analytics for sentiment writes on social Media platform X just this afternoon Bitcoin's sharks and whales aren't going Anywhere after the post alltime High Volatility rocked markets at the same Time overall nonzero Bitcoin wallets are
Declining mainly due to small Traders Capitulating generally this is a bullish Combination so uh let me translate that For you the smart money which has lots More money than the uh you know the uh The typical retail speculators for a Reason they're not jumping Out it's just as I always say tail is Old as time I will never get tired of Highlighting this though because it Never fails never fails I've been Watching this crap on a daily basis for Over 6 years never Fails when the large account are holding Tight to their Bitcoin and you see the Smaller accounts selling off that's not A time to be scared when the larger Accounts are selling off and the idiot Liming retail speculators are following One after another off a cliff uh that's The time to be a bit concerned that is Not what we're seeing here and this is After hitting a new all-time high and After that capitulation event still You're seeing the smaller accounts sell Off but the big accounts are like no we Good And Bitcoin is has been turning up ever Since hitting that bottom of about $60,000 after the all-time high Incredible right this is good stuff like This is what you want to see uh here's a Post from James Van stratt and he is the Lead Analyst at crypto slate and he
Wrote The Following and it just kind of It's piggybacks in what santiment said But he wrote alltime record of profit Sending to exchanges from lettuce hands $4.3 billion 65k Bitcoin this 69k cell Wall may take some time I have Underestimated the amount of low IQ Human beings who would sell middle of a Bull run that's what's it's like why are You going to try and fight that Trend This is there's obvious strength here Still well the reason is because they're Just emotional humans with basically no Actual knowledge of what in the actual f Is going on that would be the short Answer anyway it's it's again it's just What you see and this is part of my Strategy investing in crypto I'm I'm Absolutely banking on humans continuing To act like humans and then I just do The opposite of what the stupid liing Retail humans do because it doesn't work It just doesn't work what does work uh Buying stuff and then holding for a very Long time and in the world of crypto What is considered to be very long isn't That long if you compare it to what Happens in traditional Finance you know It's not even close actually but you do Have to be more patient than most people And if you can do that and you've got Broad exposure it's probably going to Pan out doesn't mean every single coin You buy is going to make it uh you know
I hold about 30 different Cryptocurrencies uh I I am under No Illusion that I'm going to profit off of All of them I do not believe that's the Case but that's that's why I basically Created my own little crypto index it's Like a little crypto index ETF I just Made it myself and it's just it's mostly Large cap and midcap coins it's pretty Much it and it it's it's it works I've Been doing it over six years like it Just over time it rises even after Massive pullback Here's a post from chart analyst Matthew Highland Bitcoin Target out of this Would fall at $777,000 short time frame however so Definitely not putting all my eggs in One basket uh close above the neckline And it's invalidated and I think this is A 4-Hour setup here so and right now at Least we're we're in the clear at least At the time that I'm recording this um But he thinks if this thing's going to Break out you could see a big burst up To about 7 $77,000 uh he's not the only one that Has been speaking along these lines um Here's a post from chart analyst Ali Martinez Bitcoin is primed for a 4% Price swing keep an eye on crucial Levels $667,500 and $66,500 breaking Beyond this $1,000 Zone Will set the course for bitcoin's next
Move um and I'll just show again so I Just I pick a sampling here for this Video that's what I did Um but this is what I continue to see From the vast majority of analysts that I find to be reputable and follow with Any amount of regularity what is Probable is that whether it takes days Or perhaps weeks and maybe it will be Weeks we'll see uh Bitcoin number go up And in the meantime we've been seeing Some alt surge that was also Expected um it it's just think things Are going to happen in the order that They happen we just have to sit tight Like we literally are getting paid money To do nothing is that not incredible Lifechanging wealth to just sit here and Do Nothing you know I'll tell you what I Know what I hate and I don't hate that Just saying here's a post from the Nan Tropic account and this is run by two of The founders of glass node fantastic Onchain analytics firm and they're Seeing some strength here I wrote The Following V recovery and onwards toward New all-time highs uh by the way I'll Just pause to note they did post this Yesterday but they're talking about what They're expecting over a span of week so It's just as relevant yesterday as it is Today so anyway their post continues Yesterday Bitcoin took a deep dive with
Rest of crypto this happened after Bitcoin hit alltime high in fact it was A part of the ABC correction which Retested the former consolidation Triangle this level around $59,000 to $662,000 has now gotten new meaning stay Tuned and we will show you in a few Weeks winky Emoji for now we expect Bitcoin rally to Continue and so there's a lot of anals That's why when they wrote here you know Stay tuned showing a few weeks that's CU Like yeah give it a little bit of time Just a little bit move to the upside and On this chart you can say uh you can see It says new rally begins heading towards $76,000 and so whether you look at what Matthew Highland said he's like oh looks Like it's pointing towards about $77,000 Here they say $76,000 kind of splitting Hairs the point is that's roughly the Region that all sorts of analysts are Keeping an eye on uh here's a post from Chart analyst crypto Insight UK Bitcoin Update first stop $74,000 second stop $80,000 question Mark the fact Bitcoin is holding strong Below resistance makes me think we are Going to try again soon and so there you Go yet another analyst expecting at Least at a minimum an attempt um also Wanted to highlight this and this is Interesting this is a post from Jan Timmer he is the director of global
Macro at Fidelity yes indeed Fidelity so He's no slouch here there's a reason That he has 181,000 followers on X and um he's talking about what's Happening regarding um you know the lack Of expansion in the stock market so We've been talking about this and by the Way this is one of the things that the Blockchain backer has been bringing up And rightfully so it's something that's A little bit different than what we Typically see we haven't seen if you Look at small caps for example you look Specifically at the Russell 2000 and uh it's lagging behind it's not Doing so hot this year now normally That's not the case but there is Historic precedent for it it's just Weird that if we are going to see a Continuation to the upside for the stock Market if it's just a select few stocks Continuing to lead the way up so couple Things on that front um first of all I'll note that the blockchain backer a Few days ago noted that the Russell 2000 Um he says it's in yof accumulation That's great so that's so that means you Know if that's really the case at some Point it could actually have a breakout Moment and look at here what Jeran Timmer had to say and he's he's Optimistic actually we are going to see The rest of the stock market actually
Broaden out and so um whether whether You call it expansion of the stock Market or broadening it's the same thing And so he wrote The Following at the Heart of the market outlook for 2024 and Beyond is whether the market will Broaden and in which direction I remain In the bullish broadening Camp expecting The market to advance while also Broadening that doesn't mean that the Broad Market will outperform the mega Growers just that I believe they will Participate when I look at the chart Below two things jump out at me first at 46% which which is the top panel the Current cycle is still a baby compared To the past that suggests that there is More room for equities to Rally second At 26% of stocks beating the index which Is the bottom panel this Market remains One of the narrowest in history when I Combine one and two I get a broadening Rally or bullish broadening as a Plausible outcome and so there you go And again like I said there is Absolutely historic precedent for this And I started sharing with you back in January you know when it was much less Certain whether or not Bitcoin was going To hit a new all-time high now we know The answer is yes it already happened a Couple days ago but back in January I Highlighted that of course the s&p500 And the Dow Jones hitting new all-time
Highs and I noted that um 10 out of the 11 uh previous times that happened Dating back to I think about 1950 10 out Of the last 11 times that happened if You fast forwarded another year out from When those all-time highs were first Broken if you fast forward at a year out The market would be much higher on Average I think the number was about 16% So you know again that's not a guarantee It will happen again if you fast forward Out you know a year from January of this Year but normally the answer is yes and If the stock market's going Up crypto I mean it's it's treated Crypto's treated like like stocks it is Especially if you look at tech stocks That's what it trades like right So if that's going to keep happening Another year like yes it makes all the Sense in the world that crypto would Continue to move to the upside which is Why my bet was there I I was totally Acknowledging that yeah it's a little Weird we're not seeing you know greater Expansion there are a few things we were Talking about but my bet was still that We would see a new all-time high for Bitcoin and I have stronger conviction Now I mean we've actually seen it so I Have stronger conviction now about what That means for xrp and all in general uh Yeah like this is this is the time to be
Excited that's for damn Sure um here's the U today article I Referenced one of them I referenced at The outset of the video here this is Cool stuff xrp epic Milestone sees 59.8 billion xrp spread among 5 million Holders and I don't want to spend the Time reading the whole thing just a Couple highlights here but they are Noting that out of that quantity of xrp Over five million accounts that's quite The milestone because when I jumped into Crypto um back in 19 dick2 you know Before we had electricity and such and And and most of most homes in the United States didn't even have Plumbing not no Indoor Water it was really back in the Day um you know there were less than 700,000 uh xrp wallets that that's it That's that's how many addresses there Were less than 700,000 and so to see what's happened Since then despite the nonsense it's Absolutely incredible talk about Resiliency here and people are negative And they think xrp is not going to run That's a bunch of hogwash hooa and horse Pucky if you ask me but take a look here Piece reads in part as follows even Though the xrp price has relatively Underperformed in comparison to other Altcoins the data revealing the number Of accounts and total xrp Holdings might Reveal resilience on the part of xrp
Holders xrp continues to benefit from Rising interest and demand from Institutional investors who have flocked To the crypto space in pursuit of Alternative and Innovative assets Triggering 2.5 million dollar in inflows In the past week for the latest coin Shares report Now isn't that something When they're talking about that $2.5 Million doll figure for the week mind You for xrp that that is on an Institutional level so let the uh idiot Retail speculators say what they will I Mean it's their right to say stupid Stuff on the internet that's what the Internet's for that's what it's here for So people just say dumb M stuff uh they Can do that and they are and I encourage It because it's fun uh but the Institutional buyers uh they don't give A damn let's just be Clear xrp my God it's just never been so Well positioned for face melting Activity then there's this headline this Xrp metric surges to 10 billion and can Affect price Greatly one crucial metric for Ripple's Xrp has recently seen a sub stantial Surge reaching the 1010 billion mark This uptick in the real volume metric Which indicates the actual amount of Trading activity underscores A Renewed Interest in xrp among Traders and could Have a pronounced effect on its
Price despite xrp's overall Underperformance on the cryptocurrency Market compared to other assets this Substantial increase in real volume Suggests that investors are once again Turning their ex attention to xrp this The shift is critical to note especially When considering that volume is often a Precursor to price movements a high real Volume indicates strong Trader com Commitment and could hint at more Significant price changes on the horizon And folks that is true volume when you Start seeing this stuff start to happen Just just don't be surprised if if Sooner than later you see a big burst For xrp even if it's not immediately to Alltime high uh but the weight's almost Over for this That' be my guess just for fun nobody Knows for sure but that would be my Guess then they write the data on the Circulating market cap of xrp further Complements the picture of a currency Regaining its momentum the market cap Has shown robust recovery approaching a Valuation of $35 billion a metric that Conveys the Market's valuation of the Total circulating supply of the token And so yes all that obviously true and Fantastic and on on top of that there's You know xrp BTC here's a post from Crypto Insight UK writes looking for a Decent xrp BTC weekly candle this could
Act as a signal taking us out of the Oversold level on the RSI and forming a Higher low and so again this is another Thing I've just I've been beating this Drum a lot lately the xrp BTC chart Because when it looks this poor and it Does it looks awful right now that Typically precedes a move to the upside That in conjunction with higher volume Other Metrics I mean do I have to spell it out For further for you Like what is probable is a dramatic move In the upside for Xrp it just it is what it is I know We've had to wait longer than we thought But we also didn't know that those Jackasses at the SEC would do what they Did we would have had our moon and our Lambo back in 2021 but you know we're Going to get it we're going to get it 2024 probably right so better late than Never it's not our fault we couldn't Control that it's those ass hat Pricks Is what it is uh I ain't going to let it R my ain't going to let them step on my Trip I'll tell you that I'm having a Fantastic time this is very exciting you Know the excitement it feels like um It's starting to just a little bit start To feel like the um the mood at least For me personally that I had back in 2021 when things were heating up a bit It's that CU that environment it's just
There's something unique about it's just It's really fun you know it's rather Enjoyable and uh to see one's net worth Go up so substantially in so short a Period of time chef's kiss my friends I'm not a financial adviser you should Not buy your 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
