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Hello this is Matt on the moon Lambo Channel a popular xrp chart analyst says That xrp is starting to look a bit like What we saw in 2017 chartwise and Reveals some specific price targets uh On the higher end getting into double Digigit xrp wouldn't mind seeing that And um again I don't make price Predictions but that that those type of Types of ranges do not sound remotely Unreasonable even for this Market cycle That we're in right now you know Assuming Bitcoin is really going to hit A new alltime high I don't see why xrp Wouldn't run I have an actual alt season Um so we'll find out together exactly What that looks like but it sounds Completely within the realm of Possibility as far as I'm concerned U Now that said I'm first going to share With you perspective from Dan Morehead Who is the founder of panta capital Which is the first ever uh crypto hedge Fund in the United States uh now Dan Morehead happens to be very Pro xrp and Uh I remember years ago he said look xrp Is going to be one of those Cryptocurrencies that is going to be Here if you fast forward out into the Future it's going to be long-term viable And I've always found it to be a rather Sharp and insightful individual um he Says that this particular Market cycle Is looking a little bit different from
What we've seen in the past um although After reading his analysis I'll say in My humble opinion it looks like what He's highlighting effectively is Maturation of the asset class but he Notes that there only been a few coins That have maintained a top 10 position And there's only been a few that have Ever been number two in terms of market Cap and xrp is one of those coins so Unless you think after over a decade It's finally going to stop being Insignificant then you just got to Assume that if this Market's really Going to take off of course xrp is going To be a part of that but before going Further I do want to be clear I do not Have a financial background of any kind I'm 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 xrp Is 56 uh bitcoin's at $ 42,6 you got the crypto fear and greenex At 63 out of 100 so um ever since the ETF news from last week markets mostly Just been moving sideways um it's not That huge blowoff top that so many of The typical liming retails retailers out There thought it would be um here is Perspective from Dan Mor again the
Founder of pant capital and uh he wrote The This rally is remarkably different from The previous one I'll summarize below The 2021 Peak saw a massive turn in the Top tokens 14 of the top 20 tokens at The peak of the 2017 Ico Le boom dropped Out of the top 20 soon after they fell a Long way 13 of those Fallen tokens now Average 123 by market Capitalization Tron is the only project That dropped out of the top 20 and Returned in hindsight one can say that Was speculative froth and hype on Unproductive tokens so pause to think About this despite the negativity that We've seen in recent weeks specifically Aimed at xrp because of course the salon Has popped off and some other coins oh My God xrp it's just moving sideways Despite all of that type of sentiment The truth of the matter is that xrp has Outperformed almost every single coin Ever to exist and it has done so Consistently for over a decade this is Super rare there are over 20,000 Cryptocurrencies in existence almost None of you ever even touched the top 10 Even for a brief moment yet here xrp Despite being attacked by the SEC that Lwuit going on for years on end despite All that it hung around at the top might This be an indication that the market
Values what xrp is actually capable of And what it actually doing in the real World because look I don't think there's Sufficient recognition uh in terms of You know the importance of utility in The market today even in 2024 but there Is some you know this is when you're Looking at and it's the same same is True for equities when you're looking at Uh you know a ranking of an equity or a Cryptocurrency in my market cap it's It's the uh Collective wisdom if you Will of every Speculator out there Saying here's what we make sense we Think makesense sense to be listed Higher because people are voting with Their actual dollars and so it's the Combined wisdom of all humans that ends Up positioning cryptocurrencies or Stocks it's just how it is and so that's Why I look at this I'm like yeah it Makes sense that xrp would consistently Be at the top of course it does so you Can you can whine and about the Short-term price action but I still Think xrp is going to rip people's faces Off when this damn thing goes anyway uh Dan Mor continues the 14 tokens that Fell out of the 2017 top 20 were all Replaced by tokens that didn't even Exist at the time of the prior Peak That's wild pure creative Destruction what's been interesting About this rally is how little change
There has been it's the polar opposite Of the previous Cycle this time all of the top six which Account for 83% of market capitalization Are the same eight of the top Are the same 14 tokens stayed in the top 20 so folks that's why I was saying at The outside of the video to me this Looks like maturation of the asset class And so you still can't and that's neat Because there's still so little money in Xrp and a lot of other large cap coins That um it it's it's so small in fact That it's you might as well be investing In something that's a small cap just in Terms of the the potentially multiplier Effect uh because there's so little Money it just doesn't take much money Flowing in to get the doubling tripling Quadrupling effect so on and so forth uh But even so it is cool to see the Maturation of the asset class and and It's the best stuff that's always Ultimately going to rise to the top even If it takes time and even though it will Be a messy process uh that that's Ultimately what this is all About um anyway he continues over all Those Cycles Bitcoin is the constant Only And check this out only six tokens are In all three lists shown in Gold above In the 12 years since Litecoin launched Only four tokens have held the number
Two position Litecoin xrp ethereum and Bitcoin cash Bitcoin cash only held it For one day Bitcoin has always held the Title belt we spoke a lot during 2022 About the idea that while the downdraft Was similar in magnitude to Prior bare Markets that it was unique because Blockchain was not facing an existential Crisis most of the price action was Driven by leverage and the headlines Caused by Bad actors that's why it is Not surprising that we see the same Projects coming back they were not down Because they were not good projects they Were down in sympathy with the overall Market salana is a particularly good Example right and so again is xrp Functionally useful yes it has tons of Utility obviously it has real developer Activity the idea that xrp would not uh End up doing incredibly well when this Market can as this Market rather Continues to pick up that's absurd to me That's just my personal opinion we'll See what happens so what's uh what's Actually going on here well as I uh Mentioned at the outside of the video There's a particular popular analyst out There e Greg CP cryto it says that uh Xrp is kind of looking 2017 is if you Will take a look at this here's what he Actually wrote xrp ASO average sentiment Oscillator oscillator update on October 3rd 2023 the bullish cross was
Highlighted along with insights into Historical patterns what's unfolding now Confidently I can affirm that the Current curve closely resembles the Formation seen in 2017 check Che out the chart below Labeled check here for a visual Representation what's your take on this Are we gearing up for a parabolic insane Pumar is a different formation in the Cards that will leave us all in awe well I I'll I'll pause to say this I don't Think we're going to have the same I Know we won't we're not going to have The same percentage increase uh this Market cycle but in terms of dollar Increase yeah it's going to put the last Market cycle where xrp hit it's alltime High to shame it's going to put the 2017 Cycle to shame in terms of dollar Increase I firmly believe that will be The case and it's and and don't forget Xrp was literally in that cycle where it Hit its alltime high 2017 into early 2018 xrp was the top performing Cryptocurrency for the calendar year of 2017 it was up about 30 uh 30,000 per. But if you look it from the bottom to The top of the cycle it was up more like 80,000 per. and so even back then with The crazy volatility that crypto is Known for uh it's it's I would still Argue even in in that less T Market xrp Was where it was for a reason it's
Always been towards the top the Technology just freaking works it has Stain power it has reached a network Effect you know we don't have to wonder Is xrp going to make it it already made It it's been over a decade damn it can You imagine asking five years from now Is xrp going to make it it's like 20 20-y old technology at that well it's Already silly now being over a decade Old in my opinion anyway and if Something starts to shift fine I'll Recognize that we'll talk about on the Channel and we'll have our come to JS This moment if you will but it doesn't Look like that's even necessary right Now of course this thing's going to Go but how high the question is how high And this is always the fun part here Because although I'm never going to make Price predictions I appreciate the Speculation and egg crypto does have Some targets um none of this stuff Sounds crazy to me I don't know if it's Going to get hit but none of this sounds Remotely crazy to me even for this cycle Um now when you get to the higher Figures for the cycle of course you know The higher you go in terms of dollar Figure yeah the less confident I Personally would be but that stands to Reason of course um but but here's what He had to say this is an xrp price chart He wrote xrp giant Cup
Update what's happening now with the Giant Cup first and foremost my bullish Targets remain unchanged $120 $160 alltime High $7.50 $13 and $27 so again folks I don't know if That's going to happen this Market cycle But it's just kind of exciting to think It could we'll see how hot this Market Gets but none of that sounds completely Insane especially if you're talking About $13 or less uh yeah well we'll see How it goes but yes like that doesn't Sound remotely Unreasonable uh but but expand his Thoughts on this and he writes second I Like to delve into past charts and Examine how the price behaves free from The influence of broader market trends Serves as a valuable backdrop for your Thesis third I noticed that numerous Influential accounts are presently Caught in what I term the paralysis of Analysis struggling with the intricacies Of multiple charts in macroanalysis Frequently finding themselves Tangled in The details keep it simple next up let's Zoom in and closely monitor the Performance of xrp against the cup Edge And the formidable Atlas line as of now Xrp is gracefully adhering to the curved Structure of the cup charting an upward
Trajectory marked by higher lows the 55 Cent level stands as a significant Support for xrp and my unwavering belief Is that it won't close the weekly candle Below 50 cents where the edge of the Atlas line looms at 43 C I'm not holding My breath for this scenario my focus is On the bigger picture so he doesn't seem To think that there's great odds that We're going to be going much lower if we Do it all and this is a level that he And many other analysts have been Talking about whether they say 54 cents 55 56 cents uh this is a particularly Crucial level I've seen multiple Analysts highlight so doesn't think that We're going to be closing below that 50 C Level and thinks in the short term It's highly probable we're going to be Uh back up over a dollar about a buck 20 And before the Cycle's over over Potentially 13 to $27 Wouldn't mind that I would not mind that In the least I've been waiting over six Years so for that to finally come to Fruition yes I would be happy to see That what do you guys think is most Likely what do you think is reasonable To occur for this particular Market Cycle let me know in the comments Section below 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
