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Hello this is Matt on the moon Lambo Channel xrp is up about 25% over the Last 30 days technically at the time I'm Recording this it's 23.2 n% but earlier Today it was over 25% we're hovering Right around that point that's the key Takeaway and this is after the worst Sentiment I've seen coming from the xrp Community literally in years and I've Been I've been here for over six years It's the worst I've seen since uh Whatever the lowest point was last Market cycle it just everybody bitching Up a storm not well not that's too much I don't actually think it's most xrp Holders but man it's enough that the Most vocal xrp holders been whining up a Storm which is why I said the other day Like you know the like the primary Reason I want the price of xrp to Increase is not so that I have Life-changing wealth it's so that there Aren't a bunch of whiny in my Feed on Twitter like that's right I'm Just having a little fun folks uh but Xrp at 62.3 cents um it did take a Little bit of a dive early in the AM Hours today but that actually isn't Anything xrp specific you can blame Bitcoin for that so a little bit of a Market update here in perspective from a Few analysts but before we going further I do need 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 enjoys making YouTube videos crypto related topics but Just as a hobby and just for fun now You'll note within the 30 days um xrp Actually briefly below the 50 C Level Got as high the other day as what 64.9 Cents just a hair shy is 65 cents that Happened quickly I mean relatively speak In anyway we we can I'm sure we'll see Xrp have uh faster bigger jumps uh in The not too distant future if the Market's going to keep trending upwards But still that's pretty impressive for a Month especially when people bit were Bitching up a storm and so I noted that When we were hovering around that 50 Cent level that um that was that was Performing as support all sorts of Analysts were pointing this out I was Highlighting what they were saying just To say there's actually a fairly broad Consensus from all sorts of chart Analysts out there uh you know 54 cents Back then it was resistance uh that was Flipped it became support xrp went a bit Above it then went back down to test That 54 Cent level of support build the Base and then move to the upside which Is what many analysts said was most Probable including the blockchain backer For example that's exactly what we were
Told was most probable that's what's Unfolded to this point and and also Given that we've seen and we'll talk About this a little bit later in the Video but the xrp BTC pair looking Absolutely dismal recently that's a sign Historically that things are about to Pop so the fact that we're up about 25% Over the last 30 days fantastic love to See it but that's just the start if this Market's really going to go xrp like I Keep saying is is a part of the market And will move in tandem especially since People truly value it as evidenced by The fact that it's been in the top 10 Cryptos by market cap for its entire Existence over a decade and it's just The people that think that everything Else is going to run but xrp won't uh Because of reasons it's just it's Foolish nonsense so far as I'm concerned If the rest of the market goes xrp being Part of the market will too and will hit A new alltime high if that's what's Happening with alts it's it's one of the Rare coins that is viewed today as Genuinely useful again as evidenced by The fact it's number six in market cap Out of over 20,000 freaking coins we are Not wrong about This um we have Bitcoin at $62,500 that is Extreme greed so we're Having a number of days sustained in a Row day after day after day an extreme
Greed and uh that can be historically Sustained for quite a while before we See a correction so then the question is Are we going to see a correction sooner Than later because if we are let's be Real going to be led by Bitcoin so There's this post by chart analyst Ali Martinez and he said over 500,000 Bitcoin have been transacted in the Range of $61,800 to $61,800 creating a Substantial support area if Bitcoin Remains Above This threshold it's poised To climb towards $65,900 Given the minimal resistance of ahead Conversely should Bitcoin dip below Support a correction could lead it down To $56,950 or even $51,500 and so key Takeaway there is he thinks what's most Probable very clearly is that support's Going to be held roughly where bit Bitcoin is because we're safely a bit Above that it says that's strong support Now of course if it's broken fine goes Into the 50,000 whatever stuff like that Happens in crypto doesn't mean that this Whole rally is over but at some point There will be a correction even if this Isn't the moment and a lot of analysts Don't think this is the moment uh at Some point there there must be there Must be one uh but again in all Likelihood he thinks move to the upside
Actually he's not the only analyst that Is thinking this um here's a post from Chart analyst credible crypto and this Was today uh this morning 109 a.m. Central Time uh which is my time zone And by the way in case anyone's curious At the time I'm recording this it is 10:10 a.m. Central Time uh Sunday March 3rd 2024 and here's what he had to say at The time and the time of this is Actually kind of funny because again 109 A.m. I'll show you this on the chart in Just a second here but uh here here's What he Wrote and here I'll make the this whole Screen said not much has changed here Data on the backend supports what naked Price action was already hinting at Bitcoin looks like it once Higher we can see that as Bitcoin tests Our local demand number one One open Interest is flat SL reset and has hit a Local bottom number two we are seeing a Divergence between spot and per takers Spot takers are buying which is bullish While per takers are selling setting us Up for a potential short squeeze number Three funding is dropping indicating Spot buyers are stepping in at local Demand Andor per players are Aggressively shorting either of which Puts the odds in Bull's favor here still In my compounded Bitcoin Longs just
Waiting for the move and so the timing Is interesting so he he still says he Said at that point what's most probable Is Bitcoin moved to the upside and again That was at 109 a.m. today uh and so for Those of you that care to look at the Screen here you can see that's roughly Right here I'm highlighting 1:10 a.m. um Today and what happened shortly after Bitcoin just fell off a Cliff I mean that happened in a matter Of you know got to the bottom 20 minutes Later was at the Bottom well crypto happens fast so but That that was the B at least at the time I'm recording that was the bottom and Then there's been quite a rebound for Bitcoin right um and uh by the way Actually real quickly also note here's a 24-hour chart for xrp same thing same Thing xrp just followed it's not like There's something wrong with xrp uh and Then it's recovered now it hasn't Recovered as much as Bitcoin has but Let's talk a little bit about that Because we shouldn't have expected it to Move or recover as much as Bitcoin has So says chart analyst credible crypto he Wrote The Following that was and oh by the way so This is at 140 a.m. this is about a half Hour after a half hour after he posted That he thought the Bitcoin was going to Go much higher but it has actually to
This point he actually ended up not Being wrong despite that that quick Little flush and this is 10 minutes After heading the bottom so credible Crypto at 140 a.m. today said today was One small step down for Bitcoin and one Giant leap to the bottom of the charts For alts and so he's noting there I went Down for Bitcoin but much more down for The alt altcoins he's got a little Laughy emojy and then he says on the Real though notice the weakness across The board on alts on this little sneeze On bitcoin Bitcoin is still holding Local demand so nothing has changed but This weakness on alts versus Bitcoin on This tiny push down is indicative of Bitcoin gearing up to take the Reigns Again in my opinion and so the fact that XR P went down doesn't mean there's a Problem or something specifically wrong With xrp it moved with Bitcoin Bitcoin Caused it uh Bitcoin showing that it's Still looking pretty powerful according To Credible crypto and so he thinks There's going to be a move to the upside So if it's going to be Bitcoin time Again and we get even closer to the All-time high fantastic happy to see it And then if we have to wait as xrp Holders for it to continue running High Fine cool I'm all about just letting What historically is normal continue to Unfold which is Bitcoin leads the way
Totally fine with that uh here's a post From chart analyst wck capital and this Is interesting uh this is just from this Morning 5:35 a.m. Central Time um he said altcoin market cap has Almost completely performed the plus 25% Move to the red circled area and so uh For those of you not looking at the Screen I'll just note that there's a Particular level that he was expecting Alts to get to and this chart is Actually the crypto total market cap Excluding the top 10 coins by market cap And the reason I wanted to highlight This specifically is yeah it's neat to See it moving to the upside and all Tab And popping off Unquestionably but nowhere near to the Peak of what happened in 2021 we are not even close to that level Would you call it even half and and and Plus even if we were at that level Normally what happens in subsequent Market Cycles is it goes a lot higher so I mean if it's not going to it's not Going to okay that'd be a little bit Strange but wouldn't you expect it to to Eventually get there and then go even Higher wouldn't you expect a a you know A much higher Peak for this market in Terms of total market cap because what Was it last cycle a little over three Trillion wouldn't you expect it to be to Whatever degree higher whether that's 5
Trillion 7 trillion 9 trillion 10 Trillion wouldn't you expect it to be Higher than that on the whole and if so Wouldn't you expect this particular Segment crypto total market cap Excluding top 10 coins wouldn't you Expect that to be the Case I mean I would guess yes right and So anyway I'm just Saying like we're not that far into this Thing we we shouldn't be right I mean if The analysts that say that hey bitcoin's Top This is the dist you know it's in Distribution and the altcoins are Popping this is actually just going to Be it if they're right well I mean okay But this is the weakest damn Market Cycle I've ever seen if so I mean it's So fine I mean f it if that's the case But I I I I mean I would Hazard a guess It would go higher I I don't know for Sure but you guys tell me what you Think and then we had this from chart Analyst crypto wizard he wrote um this Was just last night xrp daily technical Outlook xrp closed bullish today and we Should see further bullish outcome from The current location towards 73 cents I Will be tracking the intraday chart Tomorrow to get a trade okay and so Again this is just one example from Another chart analyst because again I I Can't find analysts that think what's Most probable is Bitcoin moves
Dramatically to the downside certainly Unless Bitcoin corrects I I can't find Anyone else that says yeah Bitcoin goes Up xrp goes I just I can't find it if You guys can find it and it's somebody Who's not being a troll let me know I Can't find that I can't find that Analyst uh here's a post from crypto Insight UK and this was from uh Yesterday and he's talking about xrp BTC Pair and then I've got I got more after This but anyway he says I keep saying Xrp versus Bitcoin is the most important Chart right now if you're an XR or pee Holder let's check in we are wicking to The white line I wanted us to close Above we didn't get there in a day but 3 Days isn't bad and the volume is really Stepping up today with over 10 hours Left until candle close I'm bullish on The weekly oh actually let me show the Chart and I'm not going to hang out here If you want to pause to take a look at This longer go ahead and do so I just Want to give you the opportunity he Continues on the weekly if we get that Close we are looking good we will be Bouncing out of the oversold on the RSI And a nice Wick in price action Potentially the spren phase of woff Accumulation question mark and here's The chart that he shared right there now Now this um sentiment was echoed by a Chart analyst Nick crypto Crusader he
Actually reposted that last night and Said completely agree this is the number One thing I have been focused on Especially when it comes to most sleeper Alts like xrp when the Bitcoin pair Finally breaks out it's game over and we Look at spefic specific levels like uh The 92 Cent level 2021 High and the All-time high and to me that that sounds Perfectly reasonable and I I'm not a Chart analyst but I I don't think you Need to be one to understand this you Can understand some very basic things as A regular everyday person which I am There's nothing special about me I'm Just a dude on the internet I'm not Special because I have a YouTube channel I just have a fun time talking about This stuff that's it but just think About again look historically I've been Showing this chart a number of times Recently to to make sure that you know People listen to my channel have as much Much exposure to it as possible because Not everybody watches every single video Although you should and I'm offended That you don't and that's why I have Been highlighting that a lot recently Because if you look back at the xrp B uh BTC pair uh the last last few Cycles When it gets to the most dismal point That is the moment where it goes Rockets To the upside that is where we are right Now and look at the confluence of events
Occurring right Now I mean bitcoin's obviously been Taken off alts are taken off you know Dow Jones S&P 500 hit new all-time highs And yeah there are some concerning Things gold moving up that's not exactly Normal I get that uh you know it doesn't Look like there's broad expansion I Certainly acknowledge that and the Blockchain backer has been beating that Drum's that's true you know there's There are some things concerning but It's also a possibility that we could Still see broad expansion so if the Crypto started going before we sell the See the broad expansion well okay that's A little bit different that's why but See that's why I say it's not that History literally repeats it's that it Kind of rhymes with itself so if all These things happen and it you know in This case it's that Bitcoin lead and Then you know the breadth of the stock Market expanding if that occurs a little Bit later in the year well okay that's a Little bit different but not like it's Not like a this time is different type Of thing all the metrics would still be Firing Off um but then there's also this post From chart analyst egreg crypto and he Said uh this is on the xrp BTC pair area Uh area of confirmation .1 32.4 and this is an update and he he's
Been providing a string of updates on This particular pair xrp BTC and um just For for the ease of the listeners out There I'm not going to read the entirety Of what's on the screen right now so if You do want to read you can pause right Here and check it out and um the the Reason is when it comes to the xrp BTC Fair to be perfectly honest with you Like there's a lot of z0000 and then Like reading all of these numbers out uh I just I I don't think that it's going To be a great service to a bulk of the People that are listening right now Because although I know that there are a Lot of people that will watch this on a Television on a whatever your screen of Choices I get that there's a huge chunk Like a gigantic chunk chunk of chunk of People that are just listening you know They're out doing whatever and which I Get by the way like I listen I consume All sorts of uh you know podcasts Including crypto content and so I'll be Like walking my dog my phone's in my Pocket I'm just listening and then when Somebody says and you can see on the Chart here I'm like godamn it do I take Out my phone do I take out my phone well If they tell me it's really important Then maybe I'll take out my phone but I'm walking my dog right now or if I'm Driving my car well maybe I take out my Phone and I risk the crash if it's a
Really cool truck maybe I'll do that but I I tend to not so just for the sake of This for the sake of EAS for those that Are just listening I think um you know I'm just going to get kind of cut to the Chase here because in the end of this You know he ends up explaining what he Thinks of the implications of you know This setup means in terms of dollars for Xrp rather than what xrp is worth Against Bitcoin and so he says Ultimately in the end this is really cut To the chase but again if you want to See the the full perspective it's on Your screen you can pause and read it But um Egra crypto says if we consider Bitcoin at $100,000 then we see similar numbers Emerge $13 and this rexor now $3.50 $27 $40 so if you're talking about the Way in which this unfolds with impulsive Moves and then a correction and Then Followed by another impulse and then Ultimately yes another correction before Another impulse U you know it's not it Doesn't go up in a straight line Forever but the takeaway is what might That mean if if Bitcoin is going to that Level of of say even just $100,000 which A lot of people would say is actually Conservative for this Market cycle I Mean that's what it Means so again I don't make price
Predictions never going to it would be Disingenuous I'm not I just I'm not a I'm not a CH guy I don't pretend to be I'm just a long-term holder that has uh Some serious skin in the game and a very Genuine interest in all this stuff but For me I just I firmly believe the trend Says yes it will continue going up Including xrp I couldn't have strong Well just I mean technically I could Because I don't have 100% but I have the Strongest conviction I've ever had about The long-term viability of xrp in Including the cycle so long as Bitcoin Hits a new alltime high and we do have That alt season so uh looking forward to Seeing what happens that's the latest For for now uh but I'm feeling very good About this and honestly like you you Like you should be feeling pretty damn Good about where xrp is right now while Things Considered not long ago in the recent Weeks it was at 49 it's at 62 and a half Since now and it did bounce back after That uh that that that little crash Small crash whatever you want to call it Dip precipitous dip in the am today I Just I'm excited to see where this goes I I I hope that we do see a continuation To the upside and maybe a correction Later because I here's the thing I I Want to see an alltime high for Bitcoin Because if we see that I will have the
Strongest even stronger conviction that Xrp will be hitting a new alltime high Because the the big thing that's Bothering me now is that xrps never hit A new all-time high if Bitcoin doesn't So once we see Bitcoin do it uh even if It takes X number of months or however Long uh I'll be optimistic that's what's Really probable not not I won't be Certain but I'll think it's highly Probable that that's the case and so That's a key thing that I personally am Waiting for are we going to get it well I hope so and that's why um if we're Going to have a correction and we will At some point I'm just hoping that it Would be after a new Bitcoin all-time High but you know if we get one before That it is what it is life goes on I'm Not going to be freaking out uh but it Would be better I prefer let's just say That I prefer to to have the peace of Mind that will come to me personally With um Bitcoin hitting that new alltime High because I have a strong suspicion Of what that'll mean for xrp 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
