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Hello this is Matt on the moon Lambo Channel what will the first xrp price Surge of this Market cycle look like What price level might that take us to Well I want to focus on that in this Latest Moon Lambo Hot jam and I have Some thoughts on this uh because look And then I don't make predictions so no I'm not going to get into prediction Land never going to do that I have no Interest in doing that but I will say This I certainly won't be surprised if The first real xrp price surge uh will Have us above a dollar And why why would I say that well I've Been through two initial Sur surges Previously because look I've been Holding xrp 6 years so you can go back To uh 2017 and granted the first surge Did happen before I had jumped in but Not that long before xrp went from about Half a penny up to 42 cents for the First time and then of course traded Sideways for a prolonged period of time Over half a year you went back down and Traded traded sideways and then there Was 2020 xrp was hovering around the 20s Something Cent range and that first Major burst it brought it up to like bit Over 80 cents that's my recollection I Think that's Correct and but that wasn't the top for It you know obviously the nonsense with The SEC happened but it still ran quite
A bit higher topping off in April 20121 At two bucks and you know what happened At the end of 2017 I don't need to tell You that story went to an all-time high So I won't be surprised that the first Initial burst takes us much much higher Because again went from 20 something Cents to almost 80 cents last time or Maybe I think a little over 80 cents so Now here we're sitting hovering around Roughly the 60 Cent region when we get Our first true burst it's not crazy to Think that we'll be a good bit above That and there are analysts that are Sharing that Idea but uh 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 bu or sell Anything because of anything I say right I'm just an Enthusiast who enjoy is Making YouTube videos about crypto Related topics but just as a hobby and Just for fun all right so at the time I'm recording this xrp is 57 cents Bitcoin is $ 44,47 market cap for the asset class 1.67 trillion and crypto fear and green Index 71 out of 100 so for X number of Days whatever it's been we basically Just been moving sideways on all of These things the market is clearly Waiting for uh you know news on what's
Going to happen with the spot Bitcoin TF Before making a break that's what I'm Guessing anyway maybe we see some major Volatility before that I'd kind of be Surprised and frankly we're not that far Away anyway it's January 6th damn it so Even if we have to wait until the 10th Uh I'm no math wizard but that's several Days Away here's what credible crypto had to Say one of my favorite chart analysts Out there here I make this chart full Screen for you guys this is uh Bitcoin USD chart the levels discussed in my Last video update have held 40 ,000 I'm Sorry halfeld I had it with a weird Cadence let me just restart that the Levels discussed in my last video update Have held $40,000 remains unbreached Gap at $38,000 remains unfilled and I expect it To stay that way ideally we get some I Love this chop solidation I like that he Coined that I think uh leading into the E ETF approval and then we launch it if We clear $45,500 With conviction at any point then we may Not get the dip picture and the dip Picture here from what he's kind of Scribble on here looks like it would be Somewhere in the neighborhood of you Know again about $442,000 what a scary dip that would be Going from again was it over a little
Over $44,000 all the way down to $42,000 So even if that happens that's the Lowest he sees it going in the short Term now of course that's why I was Saying a second ago once the big news Said and we all know that this is what The Market's waiting for this is what They're waiting for it's days away I Mean unless some wild card thing happens Do we think that things are going to go Bongers here's what uh xrp chart analyst Dark Defender had to say this is xrp Price chart and he wrote The Following And by the way this is one so there I'm Going to share with you perspective from Him and then also egreg crypto and in Terms of what I was saying at the outset Of the video like like the question Being what will the initial xrp surge Look like well you know It may not be the case that the initial Surge takes us to an all-time high but That would just be normal in my Experience you don't have to be a chart Guy to see that I've been living through This for over six years now like I said You know the first price surge in 2017 Took xrp to 42 cents in 2020 the first Price surge took it to over 80 Cents and then the tops happened after Both of those instances for those Cycles so we're going to have a lot of Fun in the coming months if we're really In in going to get into Euphoria mode
Which is my suspicion we'll See but uh here's what dark Defender had To say hi all xrp in the monthly time Frame got rejected from the 66 Cent area When you check the last two months you See the hammer candles on top of every Xrp move towards that critical level Well I don't question why this happened Instead let's clearly underlined that Xrp insistently stays under this level And by these rejections The move delays although the indicators Such as wave Trend and macd Etc are Bullish our previous structures stay the Same with no change therefore supports And resistances are as follows support Would be 52 cents and 46 cents I'm using Round numbers there and then uh the sub Support and then resistance would be 66 Cents $188 and $585 so so again like I was saying at The outset of the video once this thing Goes once it and and again I don't I Don't know if that's I don't know for Sure if this is that'll be the exact Moment but what I am saying if if he's Right and that resistance of 66 cents is Broken it doesn't seem to me to be crazy At all to see a quick move blasting past The dollar we've seen this in the past We're just at a higher level than we Were last Market cycle or the cycle for That duh right so I would whatever it is
I would expect bigger than the last Unless something is horrifically Wrong like for instance and it may not Even be something xrp specific if Something is horrifically wrong like I Mean like for instance if bitcoin's not Going to hit a new alltime high there's There's a thing so we'll see what Happens again I don't pretend to know I'm just optimistic for the future but Yeah you talk about that and then maybe It consolidates for a little bit Depending on how long things go And I I don't pretend to know we'll see How long this goes because there are all Sorts of reputable analysts that think The real fireworks are only going to be Occurring in the first like four to 6 Months of this year and then you see Other analysts who aren't exactly Terrible thinking greater fireworks Going be the end of 2024 so I'm not pretending to know but I Am just saying based on history if it Were to repeat itself we're going to see A burst that won't be the end of it even If it goes back down a fair bit in terms Of percentage and then it blasts off and So I have a pretty reasonable idea of What I'm doing I don't think I'm going To be able or well able I don't think I'm going to be willing to sell a single Xrp unless you're talking about you know At least somewhere around five bucks and
Even then that's when I'd start scaling Out it wouldn't be like a crazy amount That it sell exactly at five Bucks um and then there was this from Chart analyst egreg K crypto he wrote Xrp 500% first move check the inverted Chart from December 15 2023 and he is sharing on the screen Right now xrp price TR Remember xrp enjoys toying with Everyone's emotions before a mega pump Okay folks now that is spot on that is The truest damn statement I've heard in My 40 years on this green and blue Planet that is the most true thing ever My God people get tone up from the flow Up anyway he continues but that 500% Surge that's just the start the chart Below captures just a fraction of the Massive surge that I believe markets Markets marks the initial phase of our Incredible Journey forward forward show Me the charts and I will tell you the News here's something Brewing that'll Trigger a 500% surge at precisely the Right moment to propel us forward xrp Army stay steady I've told you that I Have rotated some gains into xrp it's Shaping up to be the most lucrative Trade and you know me I'm not a Trader But I am a hodler i hoddle the F out of All sorts of stiff about 30 different Coins but my largest holding for for a Good reason is
Xrp and uh I'm going to find out if That's been a wise move it's I've been Waiting to find out for six Years again I know but not for the SEC I Probably would have found out it was a Great great decision in 2021 uh but I'm still very optimistic so We'll see what happens here but like the Firework unless you think this whole Market's going to collapse I'm telling You there's no reasonable uh position Out there that I've seen that makes it Reasonable suppose that like xrp is not Going to be a part of this that's absurd It's a large cap coin for good reason it Continues to move in tanon with broader Crypto markets it's just is what it is I Couldn't be more optimistic for the Future and this is going to be I hope And I think it's possible the most fun Year that I and hopefully you have ever Had in the world of 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
