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Hello this is Matt on the moon Lambo Channel here's a headline from the Crypto Basics smart money comes in as Xrp wallets holding 10,000 to 10 million Xrp hit TW month accumulation high and This article is covering perspective From a very reputable onchain analytics Firm called sentiment which you may have Heard of and they do state that the Smart money out there is accumulating Xrp rapidly I'll show you exactly how They worded it but this goes back to Something that I've been saying for some Time you have the typical liming retail Speculators out there that just follow One after another off a cliff to their Own demise during times of panic and Then during times that are incredibly Euphoric uh they all like to buy the Tops of Market Cycles this is just this Is why I call these people useful idiots Because I get to buy their their Valuable assets at when they're on sale Uh when prices are are unreasonably low And then they get to be exit liquidity At the top of Cycles they're use Idiots uh it's just I'm not going to be One of them but that see that is what You get from so much of the general Public uh and you know there's knowledge Out there that can make you aware of hey Maybe this is maybe this is a bad idea To make important financial decisions Based on emotion maybe I shouldn't
Follow what every person is doing Broadly speaking in the market maybe I Should come to my own conclusions based On you know reason and logic and data Maybe maybe that'd be a good idea but You see you know the big money out there And generally Speaking you know this isn't an absolute But generally speaking the big money out There the wealthy people they have their Money for a reason they're probably not Going to make the emotional stupid Decisions that the typical liming retail Speculators do the useful idiots what They do is the opposite of what the Limbing retail speculators are doing and So it's interesting to see what they're Doing right now and this should be Encouraging to all of us out there uh Who have been holding xrp for some time And I know there's still people out There listening right now that are also Accumulating but that's what the big big Money is doing that's what I'm sharing With you the big money out there Regardless of the short-term price Action they're accumulating xrp and They're waiting for the next thing That's very clear but uh before going Any 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 xrp is at 51 cents bitcoin's at 29,6 54 bucks but I do want to note and This is a 24-hour chart for xrp for Those of you that care to look at your Screen uh you can see that there's this Big burst on the news that uh that the SEC dismissed their case against Brad And Chris my very last two videos were About that uh the one that I posted just A couple hours or so before this video Um gave an update on the latest Perspective and then the one before that Came out uh you know within an hour or So after the news actually breaking so I Got uh the the breaking news there with The the true initial reactions U so if You're interested in specifics on that Watch my last couple videos I'm not Going to talk about in this video but That's what led to this big burst up and Then it's mostly been moving sideways And so xrp is up close to 7% over the Last 24 hours uh so nothing crazy you Know it's not like what we saw in July 13th but it hasn't retraced on back down At least to this point um either way it Doesn't functionally matter and I'll Talk more about why a little bit later In the video uh also at the time I'm Recording this the crypto Fe and greed
Index shows 53 out of 100 so a typical Liming retail Speculator not feeling Fearful not feeling greedy there kind of In between feeling neutral uh here's a Post last night uh 9:26 p.m. central Time which is my time zone this from Credible crypto uh chart analyst and he Wrote we look like we're about to blow The roof off of $30,000 and it's quiet As F I'm either Shadow Bann everyone is Sidelined everyone is in alts everyone Is short or this is truly the disbelief Stage pump it and so he was anticipating What's most probable is that Bitcoin was Going to be moving to the upside which Of course is highly cons cons quential For all of us even if you're not that Interested in Bitcoin even if you don't Hold Bitcoin uh Bitcoin is highly Consequential for all of us because the Market moves in tandem now two hours After that post uh credible crypto Shared this chart it's a Bitcoin USD Chart and he wrote The Following Bitcoin Has Launched keeping it as simple as it can Get the same way $26,800 was the origin of our last Impulse $28,600 is now the origin of the Current one above that we are going a Lot higher fast drop below $28,600 and The local uptrend will be violated and We may get a bit of a pullback but until Then strap in and so folks that is so
That's what he's saying is most probable The move to the upside and what did we See after that post we did see Bitcoin Breaking above $30,000 it got up to a 24-hour high of $3,120 according to livecoin watch and It's pulled back slightly since then um So limited time is remaining here I Think that's that that's that's safe to Say um I also want to share this post From xrp Community member Irish Red Crypto because it resonated with me and This is how I feel um there's only one Little caveat uh he talks about there Being one coin with legal Clarity that's Not technically true there's only one There is only one large cap coin that Has legal Clarity in the United States And that would be xrp but there are Other coins out there which have legal Clarity but other than that I agree with The sentiment and thought it was a cool Post I wanted to share it and I wrote or He wrote rather my confidence in xrp Hitting a new all-time high is so high It might as well be 100% I sleep so easy Knowing I hold the only asset in the Space with regulatory Clarity no amount Of fud or Bitcoin Maxis can shake me # Xrp yeah so I share the sentiment and That's generally how I feel I understand That it could be wrong an xrp could go To zero I do not remotely think that's Probable and so while I can't
Technically say I'm 100% sure because I Just I'm not I'm not 100% sure that xrp Is going to hit a new alltime high uh to Me it is a virtual C that's what it Seems like to me and I shouldn't even Use the word feel because what I'm Actually using I can be more precise With my human language than that it Would be based on logic and reason and Data just understanding how humans Behaves so you could talk about how People behave in a market you can you Could talk about how xrp follows Bitcoin Broadly speaking you could talk about Actual utility xrp has it in Spades and How the developer activity is increasing You can talk about how is legal Clarity There there are a number of ways that You can approach this and so I look at That and then with with my broad belief That is going to be a way bigger asset Class in the future I think xrp is just Going to have a certain percentage of That P and it's going to be way it's Going to be a way bigger piie so I sleep Easy at night because I have xrp and if I couldn't hold xrp if I were if it were Illegal for me to hold xrp for some Reason and I couldn't hold it I would Not sleep easy at night I would I would Know that I'm missing out it wouldn't Just be a feeling I would know that I'm Missing out here's the headline from the Crypto basic smart money comes in as xrp
Wallets holding 10,000 to 10 million xrp Hit two-month accumulation High and I Don't want to read the whole article for The sake of time but I do want to go to The source of the article which was this Post from onchain analytics for Santiment and I'm a huge fan of Santiment because I live onchain data It's just fascinating to me you look at Real world behavior from people in the Ecosystem buying and selling and then You can draw conclusions for it you can Have suspicions you can have a hyp Hypothesis so on and so forth and so Here's what sanate wrote um here we go Uh xrp enjoyed its first jump above 53 Cents in 10 days despite most all coins Continuing to decline the rise can Largely be attributed to the smart money Tiers holding between 10,000 to 10 Million xrp accumulating rapidly they Hold 29.5% of the supply and so folks That's what I was citing at the outset Of the video the smart money so the People that are wealthy they have it for A reason if they were idiots and acting Emotionally they'd get liquidated and no Longer be rich they wouldn't stay Wealthy for long which is why I'm Speaking broadly it's not absolute but The people that have money they're Probably just going to make a whole Bunch more of it there's a reason they Have it in the first place they're of a
Different caliber and what I'm telling You is that there's data to show that The wealthiest out there have been Rapidly accumulating xrp and that's That's from santiment that's what Santiment says that's a reputable Onchain analytics firm it's just data You do with whatever do whatever you Want with it so I'm just telling you Like it's just another reason out of Many I have I have so many reasons that I'm comfortable and happy holding xrp It's just one more where I got a smile On my face over this I'm going to sit Here and wait because I think eventually There's going to be a big move in the Market xrp is going to follow Bitcoin And even if utility matters and that say There's a utility run what some people Say and I don't want to go too far off You know the topic of this video even if That happens uh you know xrp's got Utility even then I don't have to worry About it it's all good here son so yes This is what the smart money is doing And we here in the xrp community we tend To believe the same thing It doesn't mean that every xrp holder is A genius just like you know we're a big Ass Community let's be real there's Millions of us right and so you're going To get a little taste of A's creatures Out there as I sometimes like to say Right there's all different types of
People when you have a community this Large and there are some people that Maybe they don't even consider consider Themselves part of the the the community They just happen to buy a little bit of Xrp and they're going to be just as Emotionally stupid with this coin as They are with every other coin out there And they just follow the follow the pack Whatever the Pack's doing they're going To do it but I have a feeling if you're The type that's interested enough to be Listening to uh a YouTube channel Whether it's mine or anybody else's if You're the one if you're the type of Person that's as curious as I am and Many others out there it's not just me Then you're probably more informed you Understand Market psychology and you Understand not to make important Financial decisions based on emotions You know to use logic reason and Daya Maybe talk to a financial advisor maybe That but the average person doesn't get That and I'm counting on them part of my Strategy is that those useful idiots Will continue to be useful idiots that's Part of my strategy they're going to Continue to make poor financial Decisions for themselves and I'm going To do the opposite just broadly speaking Because I don't make emotional decisions When it comes to bin and I just Don't uh there's also this post from
Attorney Bill Morgan and he shared an XR This is an xrp chart isn't it hold on This would load What what uh am I BL oh it's 50 cents I Was looking at the green at the top I Was it threw me off for a second no so This he took the screen grab xrp that Threw me off uh 50 cents when he took The screen grab uh and so then attorney Morgan wrote the court case gives short Positive impulses in the xrp price when Ripple has good results but then goes Back down despite three positive results In the case in the three months in legal Clarity for xrp it has unrelentingly Fallen in price since the July judgment Against Bitcoin back uh towards the June Levels yeah and so fair enough except For um with with the news that broke Yesterday we saw a little bit of a pop So we're about 7% higher and it's mostly Been moving sideways since then I don't Know what's going to happen the short Term I'm not really worried about that But I wanted to highlight this because a Broader Point ended up getting made Which is pretty important frankly uh There's somebody else named incurable Monk who wrote to attorney Morgan in Response to that and said yeah so much For the price being tied to Ripple huh Shoots that out of the water and Attorney Morgan wrote yep and so the Fact that attorney Morgan was just
Noting what's actually happened in terms Of the full retracement after the news Uh July 13th xrp not being a security And all that this honestly this isn't Some sort of massive problem what I'm Counting on is what I've always been Counting on just broadly speaking not That there aren't other factors but the Biggest one right now frankly is that Xrp follows the rest of what's happening In crypto and then Bitcoin leads it so Another way to say it is xrp follows Bitcoin so I don't care that these Individual incidents in the end didn't Result in xrp hitting a new all-time High or breaking a dollar or this or That it doesn't matter when the Market's Hot it goes that's what actually matters That's the reason that I want to Highlight this 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 Lampo
