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Hello this is Matt on the moon Lambo Channel I'm going to share with you two Stories in this latest Moon Lambo Hot Jam both specifically having to do with Xrp one noting that xrp is at a Particularly highrisk level uh the other Uh perspective from an analyst noting That it's actually possible I know this Might sound scary but hold on an analyst Warning that there is an actual Possibility that if things break down Xrp could hit a fairly low level I think The the level was 28 cents I'll pull it Up a little bit later in the video um But uh even so the perspective from this Analyst is that even if that happens Which is not a guarantee it's it's it Doesn't mean that everything's broken And he's still seeing that there is a Path even right now even with a lot of Sideways trading action even with xrp Coming down recently in January of 2024 Still sees a path for xrp to be hitting $5 and I know it always like I say it Always seems impossible until one way One day you wake up and everything's Just running it just doesn't happen Frequently so it emotionally breaks People down which is very very Normal um and he's not the only one that Has warned for this there I've seen Multiple analysts in recent days warning That there could be a breakdown although For xrp but to be fair it's it's this
Warning has been coming in conjunction With a warning that Bitcoin could break Down so if Bitcoin breaks down okay it's On the table xrp and everything else is Going to Crater to some degree but I I Can't find an analyst that says if it Does break down then it stays there or Gets even worse and we just go back down To like ,000 like people were saying Saying a year ago so I'm just saying Even if this stuff happens it doesn't Mean it's the end of the world even in Bull markets we see massive pullbacks of Over 20% over 30% historically this Absolutely has happened many many many Times so I think on the whole even if We're going to see some scary stuff like That which we should expect that's Normal on the whole I think 2024 is Going to be completely fantastic okay Fine not completely cuz I just said There would be pullbacks but it's going To be a blasty blast like I'll have fun The whole time I don't get scared by the Downward stuff I still have fun and you Should too there's no reason to be Afraid over this stuff it's you should Expect the pullbacks the data tells you You should expect it so then when it Happens why would you be afraid when the Data says you should expect It 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 all Right so let's start with this and then We'll get into the more we're going to End the video on a really positive note But let's get into some of the stuff That might on the surface sound a little Bit more Scary um but here's the headline from The daily hotle Bitcoin ethereum and xrp Sitting at highrisk profit levels warns Crypto analytics firm sentiment crypto Analytics from santiment says that three Of the largest crypto networks by market Cap now have more than 80% of their Existing supplies in profit the total Supply in profit metric measures what Percentage of coins are currently in Profit compared to the last time they Moved and sometimes correlates with Price trends according to sentiment Bitcoin ethereum and xrp have 83% 84% and 81% of their supplies and Profit respectively of course surpassing Their average uh that range between 55% And 75% and placing these coins in Highrisk profit territory so just to be Clear what they're getting at I'll read You the the exact quote from them in Just a second what they're getting at
Here is as more coins become in profit As price goes up because you know Certain people bought at Price levels That are even higher than this so if the Price goes up then there will be even Greater percentage of coins that are in Profit right that that's all this means And what they're warning here is that as That happens you enter a risk level Because people uh once that many coins Are in profit a lot of people are going To want to sell to realize the actual Profit that's the point that they're Making here and they're saying it's Pretty high not just for xrp but for Bitcoin and eth and this happens um and So here's the quote Bitcoin uh 83% Ethereum 84% and xrp Ledger 81% have Their respective supplies and Historically highrisk profile uh profit Levels rather compared to their averages That hover in the 55 to 75% range dating Back to 2018 um and and so this is all par for The course so again might might the Surface alarm some people but then when You look into it think about it honestly This is pretty damn normal price go up People take profit if we're in a bull Market price can still Trend up despite Pullbacks so even if it happens okay Piece continues santiment says Cryptocurrency prices can still go up Because of positive developments in the
Industry including the approval of a Spot Bitcoin exchange traded fund in the US which of course happened uh but the Firm says a lower percentage of the Supplies and profit would be a bullish Indicator for the crypto assets and Here's a quote crypto can absolutely Still climb due to more exposure from ETFs and other positive news but ideally A great signal to watch that would imply Continued long-term growth would be a Breach below 75% of their supplies in Profit once again end quote so let me Translate that for you if we're talking About a lower percentage of coins in Profit what do you think that means so People sell drives price down yeah you Can figure this one out right um and and So in terms of what this can mean for Xrp I'll just know if the price does go Down I'm it'll in my my my for fun guess Not I'm not an analyst this is just a For fun guess if xrp breaks down in a Not in notable fashion it's going to be Because Bitcoin tanked first yesterday I Shared this post with you from chart Analyst Ali Martinez um noting the Following about xrp and warning it's a Possibility that xrp could come down he Says xrp is currently grappling to Maintain its footing at The crucial 55 Cent support level should this support Fail to hold be prepared for a possible Selloff scenario that could see xrp
Descending towards 34 Cents and so that might sound scary that Would alarm a lot of people but again if That's happening to xrp my for fund Guess is that the Market's probably Going to be pretty bloody on that day Where that happens that would be my Guess and um just to be clear he's not The only analyst that has been warning Of this there's an article here from the Crypt basic xrp path to $5 analyst Shares next resistance levels to watch And this article sharing perspective From egreg crypto which I want to share With you here and so he acknowledges Yeah you could see a level as low as 28 Cents but there's still a fa path Forward for $5 and it's 20 saying stuff like this When xrp has been trending downwards or Just moving sideways anytime I talk About this type of stuff and that's the State of things there's going to be a Certain percentage of people that are Super grumpy about it like well let's Just let's just see it past 60 cents for Those types of comments you know I'm Like well no let's just talk about the Potential for the future just you Know but and then of course when things Start to move to the upside then they Just can't get enough of it of course But it's either it's true or it's not And I want to hear this the perspective
From analysts they're putting their Necks on the line these are their Reputations they're sharing their Perspectives and I appreciate it well Let's listen to them before it starts Happening okay let's have them on record So they can get credit if they're right And so uh here's what egreg crypto had To say about this xrp blue Channel Versus red Channel unveiled and for Those of you that can look at your Screen it's worth it uh but I'll do my Best to describe and he kind of breaks It down as we go through this anyway but It doesn't hurt if you're not driving or Something like that if you want to look At your screen but uh but anyway he Reads as follows to decipher the Intricate details within the chart below Let's break it down into three crucial Sections number one blue channel in Comparison to Red Channel and for those Of you not looking I'll just note that There's an upward channel on a chart and The top half is colored in blue the Bottom half is colored in red and uh so Of course lower price is in the red Section here but here here he says blue Channel in comparison to Red channel Should the blue Channel align with the Red Channel a potential flash crash to 28 cents and a subsequent rise to 41 Cents could unfold what adds intrigue is That xrp has been navigating the blue
Channel for nearly 600 days since its Breakout in May of 20122 in contrast xrp spent 580 days in The red channel before experiencing a Significant surge despite the formidable Resistance in the mid to high High Boundary of the blue channel the lower Boundary remains resilient marked by Consistent higher lows the prospect of a Bitcoin drop dragging xrp alongside Could serve as the ultimate ShakeOut Especially if market makers shake out The remaining weak hands and folks this Is exactly the idea that I've been Sharing with you and not because I'm Some sort of wizard or a chart analyst I Am not a chart analyst I don't want to Be one I have zero interest in doing That bores me to tears although I of Course do appreciate the perspective in Work that analysts do out there um still You don't have to be a rocket science to Recognize this concept if you've been in In crypto for a little bit you know like Some of these some of the very biggest Moves my God they they're happening in Tandem and even if xrp is lagging behind And and so we say it's an upward Trajectory well that's because Bitcoin Did something first Historically and if you're talking about All-time highs then every single time Bitcoin went first so I wouldn't be I Just want to be clear if bitco if xrp
Tanks Holders of xrp are going to be focusing Primarily on that especially if you're If it's your largest holding please pay Attention to what the rest of the market Is doing if that happens everything's Going to be Terrible that would be my guess it Anyway he continues number two upper Targets for a confirmative bull run to Validate a bullish Trend close scrutiny Should be given to Upper targets such as 60 cents 75 cents 95 cents and $1 30 Achieving a weekly close above any of These levels signifies robust support And a continued upward trajectory these Targets rooted in Channel analysis offer Crucial insights into significant price Behavior then number three lower equates To higher percentage moves in the Pursuit of a percentage move reminiscent Of the 2017 to 2018 era a 50% drop Remains a plaus POS scenario preparing For all possible outcomes is key to Success in this Dynamic Market the Caution against leveraging is Paramount To avoid avoiding being wrecked while The scenario presents challenges it also Represents a generational buying Opportunity and so I'll pause a note Here if that happens I will be close to Break even an xrp again and look for Most of the first 3 years I was down in Xrp I kind of expected that that's an
Accumulation range Um hopefully it doesn't come down to There again well I mean I say that CU I'm not looking to accumulate further uh But if it does I will not be flipping Out unless it happens because something Has fundamentally shifted regarding xrp If it's just the market going down I'm Going to laugh at it I don't care when When xrp crashed um down to 10 cents um I was able to purchase them not at 10 Cents but on the on the way either it Was right before on the way down I was Able to to purchase it as low as 15 Cents the cheapest I ever bought xrp and I was excited about it and happy to do It Um now if there's something fundamental That's different or somebody find some Sort of hole in the code of xrp after Over a decade of an existence like Something wacky like that and it's just Okay well this doesn't work fine but if You're just talking about this thing Going down I'm not going to give a damn I'm just not I will be here to sooe your Souls if you are having a hard time I Can't tell you to buy or sell I'm never Going to offer the financial advice Because I don't know what's best for you But um in terms of taking the emotion Out of it you can always come here and Hang out with uncle Moon nambo because I'm telling you I I I'm the last person
That's going to be panicking in fact if You see that I'm on my channel and I'm Panicking then something's actually Wrong okay if I'm panicking because I am Like a rock when it comes to this stuff And then he goes on to note at the Bottom portion here that it you know Ultimately there's the strong Probability that xrp does hit the $5 Mark and I just again not making a Prediction here but it's if if xrp Doesn't ever hit a new alltime high and Then enter prise Discovery like WTF mate Like just I have a hard time believing That it's just so adopted at this point It's reached Network effect it's it's One of the top 10 cryptos by market cap And it always has been that that's such A rare thing the world recognizes it It's just got stain power you know so We'll see what happens I'm just going to Keep sitting tight but I I'll just tell You this I'm excited for this I don't Know what's going to happen but it is Fun and I I firmly believe that I at Least directionally um have the right Idea we'll see what comes to pass though I'm not a financial adviser you should Not buy yourell anything because of Anything I say or right that would be a Very very very bad idea until next time To the Moon Lambo
