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Hello this is Matt on the moon Lambo Channel it's now been about 12 hours Since crypto markets began surging to The upside so how about a little update In terms of what's going on right now I Will tell you at the outset that most Analysts think that that really was the Bottom the dip that we just saw close to 20% dip uh fairly shortlived frankly was It even a full week you know um Apparently that was actually it um and I Don't pretend to know for sure but uh I Will know that it's not just crypto Markets that have been moving to the Upside uh when when Equity markets were Open earlier today yeah stocks shooting On up a new all-time high for the S&P 500 happened at the exact moment that News was breaking about the federal Funds rate what was going to happen There from the fomc meeting uh and also There's a couple perspectives from two Different xrp chart analysts one who Says that you know when it comes to xrp And these dips that we've been seeing Bulls have actually just been eating These damn things up but uh before we Going further I do want to be clear I do Not have a financial background of any Kind I 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 it Is 1:02 a.m. Central Time Thursday uh Thursday the 21st March 21st 2024 so a Little after midnight I I don't really Like to consider it the next day until I Go to sleep so I'm still going to Consider it today even the stuff that Happened a little over an hour ago Technically on the 20 it's the same day Damn it until I go to sleep as I record This video xrp 60 cents now a Bitcoin at Just over $67,000 and uh Bitcoin got as high as $ 68,800 level it's mostly been moving Side is a little bit lower now but Nothing dramatic right now uh as far as Xrp it's it started moving at the same Time it's just xrp is a cryptocurrency Moves in ton with the cryptocurrency Asset class no one should be surprised By this um here's the headline from USA Today Federal Reserve March meeting Rates hold steady three Cuts scene in 24 Despite inflation the Federal Reserve Left its key interest rate unchanged Again Wednesday and stuck to its Forecast of three rate Cuts this year Despite signs that inflation may stay Elevated longer fed officials also Bumped up their estimates of economic Growth and inflation in 2024 the Decision leaves The fed's Benchmark Short-term rate at a 23-year high of 5
And A4 to 5.5% for a fifth straight meeting and so Folks uh just because their uh Expectations it's going to cut and U Right wrong that gets certain Individuals in the investing world of Crypto all hot and bothered and all Excited about it uh there's certainly a Possibility that's not actually going to Happen and there are people uh positing The idea that given that this is an Election year if we are going to see u a Reduction in the federal funds rates uh Probably wouldn't be until after the Election so we we'll find out together What happens here but uh not surprised For this particular uh report that uh That there just more sideways action in Terms of what the federal funds rate Actually is it's not changing right now Uh Market responding favorably on this Though that's that's what snapped us out Of this and so maybe the fact that this Was a particularly shortterm dip you Know again close to 20% uh seemed a Little strange that it was this short Wasn't I don't think a lot of people Were expecting that but you know it Could speak to the strength of the Market but also it could just be the Fact that this was all it took to snap Everybody out of the funk so now that This has come out and again stock market Blazing on to the upside at the exact
Same moment is what it is and I'm not Complaining just to be clear I I like number go up number number go up Very Good uh here's a post from chart analyst Gert van Login uh fed pal rates are at a peak Most likely expects at least three rate Cuts this year S&P 500 directly printed Another all-time high and the dxy got Rejected at the lower time frame Resistance box following this news Direction is clear blowoff top then Strong recession yeah so I wouldn't be Surprised about that that's typically What you see though you know you don't See things go up with a blowoff top and Then there's no sort of corrective move To the downside so if it results in Recession okay by then I'll have Lifechanging wealth and it will not be Particularly consequential that's the That's the Hope right that's what we're Shooting for right we're trying to get The lifechanging wealth this damn Cycle uh here's another post from Gert Van Logan alt season starts and I'll Note that this was at 2:18 p.m. central Time today fine technically yesterday March 20th uh so this is just after Started to see the move to the upside he Said alt season starts strong successful Retest of the 618 FIB level this week I See alts cumulatively reach a $2.3
Trillion market cap at the 1.618 bare Market extension while Bitcoin runs for 4 trillion at $200,000 all within weeks from now yeah Well I don't I don't if it's going to Hit quite that quickly all at once Although wouldn't be complaining I mean Maybe it would be a hard to exit Sufficiently quickly because if things Actually rocketed that quickly uh look I'll just say you have a certain amount Of time to dollar cost average into Positions at the bottom of the bare Market you have far less time to scale Out when things start blowing to the top Like you you have way less time Historically that's just been the case So and that sense it actually can be a Little bit more stressful than the bare Market in that sense anyway especially If you're the type of person like me who Uh does not get intimidated uh by Bare Markets like I just I still have fun in Bare markets uh there's still stuff to Do there's all sorts of planning I Understand that it doesn't stay down There forever I don't have trouble with The emotional side of that so if Anything recognizing what's in front of Me in terms of how much my net worth has Increased towards the Euphoria stage of This hopefully I don't have as much Trouble scaling up and I've got such you Know wide exposure to the acid class you
Know coins popping off I don't think too Many of them are likely to pop off at Exactly the same time so shouldn't be That bad but uh but that's what we're Looking at here and so as far as I'm Talking about a $2.3 trillion dollar Market cap uh so that's O A little over 3x where we are right now so if you look At what's on the screen here it's Actually the altcoin market cap Excluding e so everything except for Bitcoin and eth that's what that is a Little over 700 billion so you're Looking at literally for every altcoin That isn't eth tripling of that Ultimately and he's saying that's where He would anticipate the peak would be And so you might be thinking wait a Minute only a 3X from here that's all We're looking at no no no no no no That's at one single moment in time most Coins don't pop off at the same time so If you're talking about a trip Of this portion of the crypto market cap That's going to be based on ridiculous Returns from a handful of coins a Smaller percentage of the overall coins Would push us from $73 billion valuation He's saying to closer to $2.3 trillion And then people will take profits from That and then it will spill into other Stuff that's what he's actually talking About but take a look at this here you Have chart analyst Mickey bull crypto
And this just I don't I don't pretend to Know where this segment of the market Cap is going to pop off you know every Coin except for Bitcoin and eath uh Presumably much much much higher here But this paints a picture of like and This is historically what has happened Of course in previous Market Cycles this Is why there's such incredible Opportunity and you better believe that Xrp is going to be a part of this if you Can you imagine xrp a one of only three Top 10 coins that has always been a top 10 coin for its entire existence you Have a blowoff top like this and then What xrp is the only coin that doesn't Go some people have been been been so Severely beaten down by the sideways and Downward price action of xrp over the Years broadly speaking that they Actually think that that that is going To be what happens that is not what's Going to happen we've just been in Consolidation for many many many years As I mentioned in the last video and I Was citing credible crypto he noted we Haven't had a macro move for xrp on a Face melting scale in over six years it Was 2017 when that that move happened Everything in between then it's just Been consolidation which is in line with A message that I've been conveying even Though I'm not a chart guy and I'm not Pretending to be it's xrp either goes to
Zero or goes to a new alltime high Neither of these things has Happened so everything that happens in Between ultimately for me Inconsequential because I'm going to see This damn thing through that's that and You know my conviction is it's going to Hit a new all-time high in Enterprise Discovery and nobody knows for sure Including me that's my conviction that's What I believe is most probable but here Mickey B crypto wrote all coins Reflecting $2,000 20 through 2021 alt Season Vibes don't sell too early folks Because current volatility is to shake You Out and he's expecting I'll note that This he posted this in the morning so Before we we saw the recovery of the Market or at least what to this point Has been the recovery of the market you Never know for sure what if we actually Do dip to the downside again okay but uh He's anticipating here that you're going To be seeing a $3 Trillion uh market cap for all altcoins Excluding e so Again3 trillion market cap for every Bitco every uh altcoin every Cryptocurrency in existence except for Bitcoin and E take those two out three Trillion so that'll be a 4ex from where We are right now that that will be Insane if that happens and you know
What's really cool to recognize is that That doesn't sound crazy if way more Money flows in and you get some of that Retail Mania yeah there's going to be Some serious money flowing through and That's where the real opportunity is for Life-changing money that's it that is What we are waiting for I've been Waiting for this damn thing for over six Years this is my third bull cycle but The first one I was brand new to crypto Me personally like it wasn't going to be Meaningful enough so I I didn't care I Didn't worry about selling I was like Yeah whatever and then the second one I Was relying more heavily on xrp than I Am now now it's it's still my largest Individual position I've continued to Hold I've never sold a single xrp I've Just Diversified further so last cycle Kind of got screwed up a bit for me Thank thank you for nothing you little Ass at Pricks but now after over six Years of accumulating uh yes this I Think this is finally the and I know I'm Not the only one in this boat I know There's lots of you out there that are Not happy with what how you get we Honestly I I'm not big in playing into The victim mentality but I acknowledge What the SEC we got screwed by them and I know there are a lot of you listening That feel like he got screwed by them And they did they harmed our financial
Well-being by doing what they did by Going after Ripple they Effectively attacked every xrp holder on The planet I get it I totally get it I I'm right there with you folks but the Opportunity is still there which is why I'm not mad I'm just recognizing reality But I'm excited about this we should be Excited and forward looking uh here's a Post and this is a just a little bit Before I started recording this is at 12:27 a.m. so you know about 40 minutes Ago and this is from chart analyst jelly And um this is bitcoin price chart and He said there we go Bitcoin is going for The higher low as expected today's Objective hold above $65,500 do that and A reclaim of the 2021 cycle highs is on The Menu um here we have a post from chart Analyst Cryptol and this this just kind of plays Into part of what I was talking about Just a couple minutes ago six years of Consolidation now I don't think for xrp And I don't think it would have been 6 Years of a consolidation if not for the SEC I've made my St very clear on that But that's what we've had as a result it Was for an extra few years of Consolidation that we otherwise wouldn't Have but the longer the base the higher In space as they say right that's some Serious consolidation when this thing
Goes it's really going to go and so Cryptol is pointing out that every year Going back to 2014 not xrp year 2015 not Xrp year and he goes on like that um in The only two years from 2014 to 2024 That are xrp years would be 2017 and he Says 2024 and that's a little volcano Emoji here And the chart on the screen here is xrp Priced in Nvidia uh which is a a company in the Tech sector and the reason that he's Pricing xrp in Nvidia is Because be real and this is true the Crypto asset class it trades like tech Stocks pretty closely and so he's just Noting here if you go back to um how low Xrp was priced against Nvidia in 2017 Like that's the moment where we're now And he highlighted that's the buy Zone And then if you looking at the chart you Can see it just took off crazy bull runs That would be the first bull run from About half a penny to over 42 cents in I Think it was April of 2017 little bit of Sideways action for half year then he Had another major one but he's pointing Out right now again xrp priced in Nvidia We're in the buy Zone look at the same Damn chart it's a repeat of what Happened in the cycle leading into the 2017 fa melt session that's what he's Highlighting it's not the craziest chart To consider honestly here's a post from
Chart analyst egreg Krypto xrp price Chart and he wrote U his update for his Path xrp getting to $140 which may sound impossible for People that are in the do drums and They're very sad because xrp hasn't done What they wanted when they wanted to do It seems impossible $140 how could that Ever happen it's not going to happen Okay well it's going to happen like I I Would Hazard a guess that it's going to Happen uh unless we get some sort of Black Swan event here and the entire Market tanks in which case okay fine we Got screwed again another Market cycle Uh but no the the idea that X3 is not Going to blow makes no sense to me but People feel so beaten down because it's Been so long since we've had a face melt Session that's just the sentiment from So many people but this is an update Because he firmly believes this is going To happen and I don't pretend to know It's going to happen for sure xrp price Action I'd be shocked if it doesn't Absolutely shocked and so here he wrote F.5 which is 57. 66 cents has held us so Far and I was pause to note this was at 7:03 a.m. so you know get 6 hours or so Before Market started trending to the Upside but um but he said so again 57.6 Cents has held us so far and I'm loving These long legs in fact the longer the Bottom Wick the better it shows how
Hungry the Bulls are gobbling up every Single dip and you can see what he's Talking about here on the chart and it's Worth noting here that xrp bottom out in June of 2022 it's been almost two damn years Since it bottomed out and it's been Trending up since then higher Lows I understand that people aren't a Lot of people aren't thrill but just how About some additional context you can Stop being a Sad Panda because this is The time where it makes sense to be Excited about what's happening with xrp Historically these have been the moments Where all of these things are coming Together and xrb finally blows and then When you consider it's been 6 years that Much consolidation and it has legal clar So people are not going to be you know Uh you having a hard time putting money Into it as they would have last cycle When like well this thing could go to Zero because of the SC I understand the Fear I get it I understand the the Concerns going through people's minds in 2021 during the Bull Run we don't have That now there's never been a better Setup than this for xrp like seriously I Mean I find technically if you were There buying it half a penny and then Okay you know what happened after that Fine but uh for more modern time if you Will there's never been a better not the
Whole time I've been in in crypto which Has been over six years now here's a Post from chart analyst JD xrp price Chart and he says xrp dumb money still Complaining ain't that the truth even if We retest trend line around 40 cents It's still a breakout sounds like they Know what they hold listening to riddles Far too long with laugh emojis and so I'm glad that he is mocking the Riddlers Because that is the stupidest D that is The bane of my xrp existence you know What I'm saying so why would he say if Xrp were to go not that it is even Necessarily but why would he say that You know retest around 40 cents why Would that be good that's that's way Lower than what we had recently even When xrp dipped to 49 cents well that's Because what he's highlighting here is This trend line which he drew all the Way back to the beginning of 2018 so He's saying even if that happened it Would still be bouncing off that trend Line which is that a downward slope That's the reason he's saying that not That it's some sort of guarantee that's Going to happen and in fact you know if You checked out my last video from what Credible crypto I to Say if let's just say this if Bitcoin Continues to go to the upside xrp is Going to put bitcoin's performance to Shame that's his expectation and that
Seems 100% plausible to me this is such An exciting time to be in crypto I Freaking love this stuff so anyway That's the latest on what some people Are saying in the crypto market today But so far so good uh bitcoin's holding Where it is xrp moved in tandem we just Got to wait you don't know what day it's Going to be what one day you wake up and Then xrp is just running that's just how It works we'll see folks buckle up I'm Not a financial adviser you should not Buy or sell anything because of anything I say right that would be a very very Very bad idea until next time to the Moon Lambo
