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Hello this is Matt on the moon Lambo Channel here's a headline from the Crypto basic xrp spikes 6% in 3 hours Despite Market wide collapse now I was Looking at my crypto Holdings earlier Today at and at a particular moment I Only had two out of my 42 different Cryptocurrencies that I hold only two of Them were in Green for the the previous 24 hours and one of them was xrp moving To the upside and so that's uh pretty Good on the xrp BTC chart which I'll Show you a little bit later in the video Uh clearly despite what's happened over The last 24 hours in broader crypto Markets as it pertains to xrp very clear Signs of Life the people out there I'm Just going to keep beating this drum the People out there who think that xrp is Not going to participate this Market Cycle will be embarrassing proven to be Embarrassingly wrong by the time this is All done xrp is absolutely going to Rocket and I'll be even though I don't Make price predictions and nobody knows For sure what's going to happen I will Be shocked if xrp doesn't hit a new All-time high in it price discovery Would be absolutely Flabbergasted uh so give you a little Update on what's going on in markets but Um even if we do see some down downward Price action which uh warning we we Might see tomorrow and I'll explain why
Uh even if that happens over the longer Time Horizon you know think about for The duration of this Market cycle it Doesn't change anything we're still Going to continue to see a massive move To the upside even though there is Always a possibility uh that you could See a a notable correction and in fact You know some think that we're going to Have that sooner than later but 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 enjoy making YouTube Videos about crypto related topics but Just as a hobby and just for fun all Right the time I'm recording this video It is 9:48 p.m. central Time that is Tuesday April 9th 2024 xrp is now 60 Cents Bitcoin at 68842 bucks market cap for the asset Class just shot at $2.6 trillion and the Crypto fear and greed index 78 out of 100 so y'all feeling pretty damn greedy Out there in fact extremely greedy uh Take a look at this post this is from Crypto wizard he said critical decision Times and he's talking about the SPX Here which of course is the S&P 500 and He said SPX is on the verge after a huge Rally it's decision time for SPX a deep
Dive or Continuation buckle up and the reason This is relevant to us is because the Crypto asset class broadly speaking Moves in tandem with what's happening in The stock market so what uh what might Drive an crucial move at this particular Moment well take a look here and by the Way this is with CPI but check this out Uh similar sentiment here from chart Analyst JT uh SPX daily close in spite Of the late day heroics the SPX Clos Below the 12 12 SMA sl21 EMA ribbon Again as a reminder this ribbon has Acted as support since last November This is all happening before the CPI uh Release tomorrow and so that's why I was Saying at the outside of this video we May be seeing some fireworks tomorrow I Mean I think it's a virtual certainty we Will tomorrow no matter what it's just Kind of a question of to what degree and Is it going to be to the upside or the Downside and here you can see a headline From Reuters US Stocks inch to higher Close as markets breaks for CPI data Earnings the NASDAQ and S&P 500 posted Modest gains on Tuesday a day ahead of Major inflation data weighed down by Financial stocks as investors braced for Major US Banks to kick off earnings Reporting season on Friday okay so if we Get some good news then perhaps I mean The theory is and it seems to be a
Pretty reasonable Theory you know as Long as we don't have disastrous uh Inflation data coming out tomorrow Presumably the market will ultimately Respond uh to the positive rather than Have some sort of breakdown here so That's why people are kind of on the Edge of their seat what's going to Happen with the S&P 500 what's going to Happen with crypto markets and we're Going to find out tomorrow uh by the way Did want to briefly mention this here's A headline from Watcher Guru State Street predicts Half Point fed interest Rates cut by June State Street Global Advisers is now predicting that the FED Will cut interest rates by 50 basis Points as soon as this June according to A Bloomberg report the $3.6 trillion Asset manager sees the Federal Reserve Lowering rates after what has been over A year of high rates by the end of the Year The Firm expects reductions to Total 150 basis points and this would be Two and a half times What markets are Currently pricing the strong jobs report From last week raised optimism of fewer Interest rate hikes and so recently the Last few times that we've had rate Cuts um it's be it's been because There's been cracks in the arbor you Know what I'm saying we've had some not So fun times in crypto as a result of That with uh you know I'd say for me
Perhaps the most uh notorious incident Of such the one that most frequently Comes first to mind for me anyway would Be what happened with the uh pandemic a Few years back remember March of 2020 oh Man xrp crashing down to 10 cents what Did Bitcoin get down to like I can't Even remember what was at right now few Thousand bucks whatever it was I Remember xrp got to like 10 and 11 cents Depending on what exchange you're on Though very shortlived that it was that Low but still pretty crazy here um so All all that to say Um when we ultimately got um when we Ultimately got rate Cuts it's because There are already problems here so it's Not a guarantee just because you get Rate Cuts it's not an absolute foregone Conclusion that you're going to see Everything fall apart and even if that Is something that's going to be uh a Correlation you know we won't that until We have the benefit of hindsight it Doesn't mean that it's going to happen Tomorrow you know you can see rate cuts And then you can still see the mark Market keep um you know moving in a Positive direction for some period of Time but it's it doesn't mean that it Can be sustained forever I just thought I'd mention that because it's something Worth watching uh here's a post from Chart analyst Kush and he said Bitcoin
Fueling for next move higher now I Didn't see as many posts along these Lines today and I I track posts from a Ton of different analysts here this is One of the few where he's like yeah well Just re accumulating you know waiting to See what happens next um I saw a bit More hesitation from a lot of analysts Today saying well let's just wait and See what happens tomorrow with the CPI Data uh I did see this warning also from A very popular analyst Bob Lucas 272,000 Followers on X and he wrote and ideally Bitcoin hangs strong during equity's Resetting chopping around like this just Doesn't feel ready I'm a bull but still Can't rule outside chance of a trip to The lower 50s to so lower 50, thousands He's talking about now that doesn't mean That's going to happen but he's just Saying that it's something that could And we do see at times large Corrections Even in Bull markets so uh just warning If something like this happens it's not Going to emotionally impact me it's not Going to mean the sky is falling it Doesn't mean the bull runs over doesn't Mean anything's going to zero it just Means it's a massive correction which Will scare your typical living retail Speculators that's pretty much it so now You know and if it comes it's just it's Another day whatever that's that that's Life man welcome to
Crypto um then we have uh this from Mikey bull crypto talking about xrp he Says a huge bullish tide is about to Turn on and he has been very Consistently speaking about this uh xrp Very optimistic that what we are going To see is a massive move to the upside And so for those of you looking at the Screen he has on the charts red and Green portions and somebody wrote to him From our community and said genuine Question what's the red/green indicating In the chart and Mikey B crypto wrote Back and said this is a mean reversion Tool hence the those colors indicate a Trend and a strength and so you can see That it's starting to pick up in green The way that he's tracking this here and He is completely confident that we're Going to see xrp rip to the upside and You don't need to be a chart analyst to Have reasonable and strong conviction That that is what's most probable you Really don't there are too many non-art Related things that you can look at um You know I mean in terms of what's Forming right now you can just call upon The past and so fine okay look at charts From the past sure but look look at that Look at the moment in time that we're in It's not hard to figure out that of Course the asset class moves together And that we are in a bull market and xrp Is part of the market duh and with the
Legal Clarity and everything else you Guys know the whole thing here it's just Ridiculous to think that xrp is not Going to participate it's ridiculous Here's a post from chart analyst crypto Wizard talking about xrp and he says xrp Daily technical Outlook xrp closed Strongly bullish but as soon as xrp BTC Starts moving uh bullish xrp will offer An impulsive rally towards 73 cents and Higher and so this is that moment and we Don't know for sure what day xrp finally Going to break up and then we'll we'll Look back and say okay that was the Actual bottom of the market for xrp Priced against Bitcoin now the bottom For xrp was actually in June of 2022 Priced against the dollar but priced Against Bitcoin uh we just had a recent Low the other day causing as I highlight This in a video one very popular analyst Jason Pino to uh just rail on xrp even Further he says that RP shouldn't be in Anyone's uh anyone's crypto portfolio It's you know he doesn't think it's Going to be running all that crap and It's just so hilarious to me because It's at the moment in time where if you Just draw on past experiences we have Over a decade worth of data this is Roughly speaking this is the moment Where xrp starts reversing to the upside In a bull Market and it's I just don't know how
You know a chart analyst can't recognize That he's good at calling uh the shots On other coins but he's just disastrous Disastrously wrong about xrp just does Make sense and so that's where you can Start to see okay well there's some Personal bias bleeding through xrp Derangement syndrome that's what I'm Calling it anyway but here we're talking About xrp BTC and here someone I would Perceive to be as more rational on the Xrp BTC pair every um every suspicion And belief in the world out there that It's going to keep trending to the Upside and like I said and I'll show you In a second here Signs of Life Today Folks xrp BTC it was fun scene uh xrp do What it was doing what it was doing Earlier today as the rest of the market Was just losing its ever loving mind I Was having a fun time looking at it uh Here's a post from chart analyst crypto Insight UK xrp versus Bitcoin update so It's xrp BTC pair on your screen here I Haven't updated this for a while as There isn't too much extra I can tell You here and I'll pause to note that he Posted I actually got two posts from him Uh the longer one which is what's on Your screen that's from this morning Before we started to see some of the Most fun action actually today but he Then says we have we have touched into My Launchpad area the RSI could be about
To flip bullish again however I am still Awaiting close above the Gray Line at 0.00001 I'll just round it there before And that's Bitcoin before we can confirm Some sort of momentum change for now we Are still bottom hunting and I'll pause Note that level that 0.000000 one Roughly that level um that would put us And I'll show you on the chart in just a Second here cuz I got a a trading view Pulled up but that would put us closer To where we were around March 11 or Maybe exactly on March 11th actually um Anyway and so says we're just we're Still bottom hunting okay fair enough That that's that's perfectly fine we Were hoping that the bottom would have Been March 11th um that wasn't it we got Another low just the other day xrp Haters made fun of us of course you know Those posts are going to age like a fine Milk if you ask ask me so bottom hunting Fine this is what we've done in previous Market Cycles too and then it rocks the Upside so anyway he says on a larger Time frame we are looking for the Confirmation of a higher low we are Oversold on the weekly we have only ever Been oversold on the weekly once I am Looking for a bounce everything we see Is still in play when momentum comes I Expect it to be fast as you can see to Our left green candles are Are large in size and short in
Duration red candles are shorter in size But the duration is much longer xrp is Certainly a patience tester and then he Shared this chart Also and that's absolutely true when it Happens in xrp Rockets it happens super Fast and everybody before leading up to You know the sentiment is terrible Everybody's crying it's never going to Happen right so it's it's it's only Never going to happen until you wake up And then it just happens everyone's like Oh yeah of course of course duh because Xrp is a cryptocurrency that's a part of This asset class and we're in Bull mode Bunch of idiot sticks come on man of Course that's what's probable to occur Here and then he also wrote this as Things started to get hot this afternoon He said xrp vbtc ripping right now However nothing changes until we get the Daily close above the level I spoke About this morning and chart and Le Greg Crypto agrees and he wrote 0.0000001 is critical close above it and Then fly so he seems to to to share the Exact same perspective there and so uh Here is uh the xrp BTC pair and this is What I was talking about uh there's Calling for right about here and so when Were we there last I believe it was Exactly on March 11th right yeah yeah it Was on March 11th and we actually went Above that but he's saying once that
Happens okay now it's time to fly so That's a fair bit higher than we are now Um obviously after we bottomed the other Day here uh notable move to the upside a Little bit down from the recent high Today but Whatever broadly speaking going the Right direction at least from the recent Low the other day so we'll just keep Watching it and seeing what happens but Uh you know this part is just getting Started my friends xrp xrp hasn't even Started to party like the part's going In the world of crypto but xrp is Arriving fashionably late as is always The case right it's going to be a fun Time to see this go and then watch all The idiots out there and stun disbelief Because the truth is maybe they Genuinely don't recognize it but the People that are pushing back against xrp Like the good chart analysts but that Just hate xrp I I don't I just I wonder If they all recognize that their bias is Making them Incorrect and misleading all Of their followers in terms of what's Probable I just do do they know that and They just don't Care because I mean like xrap Arrangement syndrome it's a real thing Here otherwise intelligent people saying Some dumbass stuff that doesn't make Logical sense so we'll see what Happens I'm not a fincial advisor you
Should not bear 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
