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Hello this is Matt on the moon Lambo Channel there are signs everywhere that The xrp comeback is about to begin and There's some people that are too stupid To recognize this but based on historic Precent based on the environment that We're in right now look at Key metrics Yes that is what is most probable in Fact take a look at a few of these Headlines because if you believe that The same as I do let me just assure you You're not the only one I'm not the only One there's a lot of people out there That believe that certainly on the Retail side but on the institutional Side as well uh here's here's part of a Headline from you today xrp comeback Begins here's another one uh xrp volume Skyrockets by 75% as Market regains Momentum and I want to talk about Specifically why that's important here's A post an article from the the Crypt Basic grayscale reinvests in xrp now Hold 16.7 million xrp After exiting Cardano Now this is on an Institutional level Grayscale very well-known firm in the World of crypto been around for a hot Minute Right they think it makes sense to hold More xrp at this time rather than less Yet there are some idiot sticks out There insisting that xrp because reasons Will be the only large cap coin that's
Just not going to run we're going to Have a full-blown bull market uh you Know bitcoin price goes to 110 billion And uh because of reasons of course and Other you know other all the all coins Are going to follow but not Xrp because of reasons folks I keep Seeing this and it it makes me chuckle I Get the lws out of it but anybody that Has half a brain is being intellectually Honest and they're not ideologically Poisoned as the the typical Bitcoin Maxi Trolls are you can see that this is the Moment in time where it's going to Happen if it's going to happen it's more Or less going to be in this time frame Xrp will start Moving and it's just it's so Obvious that's why it'll be a fun see I Told you so and hindsight but anyway 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 so I Want to highlight part of this first Piece they were talking about Bitcoin And some other stuff too but they Briefly talk about xrp so I thought I'd Highlight this as well because it's it's
Just it's further recognition that There's a reasonable very reasonable Chance that we're going to be seen some Serious moves to the upside for xrp After a tough period of time for xrp There is some good news xrp has moved Above its 100 day exponential moving Average or EMA again right now the price Of xrp is 59.6 7 now of course so this Was written earlier in the day and we Know that Bitcoin led the way to the Upside xrp being part of the asset class Moved with it surprise surprise sorry uh All you damn fools out there who think That xrp is just not going to move in Tandem uh again on a daily basis just About we're seeing that that is not true And it hasn't been the case for the Entirety of xrp's existence and yes I Understand that xrp has been uh you know For years now falling against Bitcoin That is normal and you should expect it It would be weird if that wasn't Happening going into a bull market that Would that's what would be weird the Fact that it is happening you should Expect it to be like ah good we're on Track because that's what's happened Before Bitcoin leads the way out xrp Lags behind until suddenly it doesn't That's it it's not more complex than That you don't need to be a chart Analyst and I'm not but you don't need To be one to understand that peace
Continues breaking the 100 EMA line is Important because it can be a sign that The price might start moving upward once Again if xrp can keep up this momentum And stay above the 100 EMA the next big Test will be the 50-day EMA which is at About 62 cents if xrp can break through This too it might just prove that it is Ready to climb to toward a yearly high Once again and I won't be surprised to See that in the least in fact take a Look at the volume here the headline From you today xrp volume skyrockets by 75% as Market regains momentum xrp the Sixth largest digital asset has Experienced a surge in trading volume Witnessing a staggering 88% increase Excuse me according to coin market cap Data xrp's 24hour trading volume is Higher at 87.9% amount to $1.56 billion worth of Trades this Significant uptick and trading activity Comes as bullish sentiment revives Across the cryptocurrency market Signaling renewed investor interest and Optimism with Bitcoin and other major Cryptocurrencies enjoying price Increases and reclaiming prior price Levels confidence in the markets bullish Momentum has been reignited spring Increased activity across the board Bitcoin the first and largest Cryptocurrency by market value extended Its comeback from the weekend reaching
An intraday high of $72,600 volume indicator matter well Typically when you see a buildup in in Volume especially massively like to this Degree it means something's going to Happen it frequently means you're going To see a break up or down now given that We're in a bull market unless something Disastrous happens to the entire space What do you think is most likely if You're talking about this much volume Preceding a notable move what's your bet Up or down my bet would be up unless and This is the caveat unless Bitcoin Actually breaks to the downside which is Possible and it could happen but outside Of that what's most probable I mean Massive volume and we're in a bull Market look at the environment we're Going to pretend like that's not Positive for xrp of course it Is and institutions as I cited at the Outset recognize that xrp is long-term Viable as well or else grayscale Wouldn't be doing what they're doing the Headline from the Crypt basic grayscale Reinvests in xrp now holds 16.7 million Xrp After exiting cardano great scale Investments the most prominent crypto Asset manager has adjusted its digital Large cap or DLC fund by divesting from Cardano and reallocating the proceeds Towards acquiring xrp and other existing Assets grayscale officially communicated
This move through a press release Detailing the fund's quarterly Rebalancing the rebalancing concerned Several of the firm's investment Products specifically its digital large Capital fund smart contract platform X Ethereum fund and def5 fund according to The report grayscale modified its dlc's Portfolio by liquidating its cardano Holdings consequently The Firm diverted The cash uh cash returns from the sale To acquire other Assets in the fund After this rebalancing xrp makes up 1.73% of grayscales DLC fund notably Grayscales DLC fund has I'll choose Around number here 500 $70 million in Assets under management per record from Its official website now I I will Acknowledge of course in terms of the Percentage that might sound very small 1.73% but you got to understand like It's like this is weighted and where do You think the most money is likely to go It's it's it's going to be it's going to Be largely based on what are the market Caps for other coins you know look at Bitcoin look at eth Bitcoin 1.4 trillion Dollar uh the market cap eth you know 435 billion xrp only 33 billion so it Stands to reason that you know it it Would be smaller but I'm just telling You if there was something disastrous For xrp obviously ahead as some Bitcoin Maximist would have have you believe
Grayscale would not be doing this they Do not agree with that sentiment they Believe xrp is going to be worth more in The future or they wouldn't be doing This plain and simple and the these are Not these people are not idiots this is Institutional level xrp investment right Here it couldn't be more obvious and Again that's why I wanted to set site of This indiv video look at the environment That we're in with the volume and Everything just it's Incredible that's why 2024 while it's Already been a really fun year and very Exciting The Best is Yet ahead the crazy Stuff for xrp hasn't even actually Started yet so talk about an xrp Comeback yeah it's in the Works peace continued uh continues as Expected Bitcoin maintains the largest Share of grayscales DLC fund accounting For 7.96 following Bitcoin eth holds the Next significant portion of at 21.85% And salana with 4.52% meanwhile Avalanche makes the Least composition with 0.95% also as of the end of q1 2024 The Firm has reported no new token additions Uh to its DLC fund it's all cool stuff Folks just like the writing's on the Wall look at all of these things Happening that's this is why I love Writing this channel because on a
Day-to-day basis there are so many Things and then if you're paying Attention and I I know you guys are you Can see like take the information that You that it is either from one day to The next to the next to the next and put It all together and it's clear that what Is although not guaranteed what is most Probable is xrp blasting to the upside Hitting a new alltime high and entering Price discovery that is what I believe Anyway is most probable what do you guys Think you guys tell me but like Basically my attitude towards this is Duh that's pretty much sum it up in one Word duh that's pretty It I'm not a financial adviser you Should not buy yourself anything because Of anything I say right that would be a Very very very bad idea until next time To the Moon Lambo
