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Hello this is Matt on the moon Lambo Channel is something wrong here look at This chart look at this xrp 7-Day chart On live coin watch remember the good old Days 4 days ago when xrp in roughly an Hour increased by close to 20% from uh You know somewh the neighborhood of 62 Cents ultimately getting up to a little Over 74 cents those are good times Weren't they oh the memories I'll never Forget it of course since then has Trended down to the point where it's Actually the time we're recording this About the same price 62.8 and so I'm seeing people uh do what They do cuz people going to people uh And they're just screaming all over the Internet in particular social media Platform X something is wrong with xrpc It's proof it's never going to go well Here's the deal if you think that this Is evidence of such uh you're mistaken That is not what this means uh this is Regular volatility and and um you know I Say regular keep in mind normally xrp Doesn't go up in an hour over 20% but in A bull market it's a bit more regular it It is uh but if you think that this is Some sort of indication that something's Wrong if you think that Xrp uh not going to run to new alltime High based on just this little bit here If it's making you feel a little bit Down um I I just got to share with you
Guys like uh I possess knowledge that Proves unequivocably that this is Absolutely not true in fact xrp is it's Behaving well within historical norms And those Norms destroy people Emotionally the typical person has a Very tough time holding xrp over a long Period of time which is why they don't So many people panic sell they get out They're like a this is a crap coin it Trades and then of course in those rare Instances where it pumps because they Are few and far between that's just how It goes uh they miss out and then xrp Melts faces that's how it's been Historically I'm going to show you what Exactly what I mean by by this because This has been the case since the Beginning of time and we'll also touch a Little bit on what's going on today Because most recent price action uh it Has been led by Bitcoin but uh before Going any 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 Enjoy making YouTube videos about crypto Related topics but just as a hobby and Just for fun at the time I'm recording This video it's 4:34 p.m. central Time Uh What the hell day is it Friday of course
It's Friday how could I forget that a Friday March 15 2024 xrp 62.9 now Bitcoin $68,900 market cap for the asset class 2.6 trillion crypto fear greed index 83 Out of 100 uh doesn't update again for Another 2 hours and 25 minutes it'll be Interesting to see uh how much lower I Mean I'm assuming it's going to go lower Um still extreme greed though so that Tells you something so it's it's not That everybody's screaming bloody murder But there are a lot of very noisy people On the Internet which frankly is historically a Good sign because when everybody Believes no it's never going to stop Moving to the upside that's actually the Moment it's time to panic that is one of The indicators actually it really truly Is take a look at the xrp price chart Here I pulled up on trading view I think I had the date range set at August 6th Which uh was more or less the first date August 5th somewhere around there it's The beginning of August 2013 okay uh cuz That's when data for trading of xrp Began Being Tracked so um a little over a decade ago And then it ends I just arbitrarily Picked an end date um a little less and Two years later it's you know middle Part of May 2015 and I'm I'm
Highlighting this to make and I could Literally what I'm about to show you I Could go through year by year and show You endless examples of what I'm going To show you and whether you like it or Not is IM material I'm telling you that This is just how xrp behaves most of What it is to hold xrp is to be moving Sideways are down in fact most months That xrp has existed if you guess Whether or not a given month with no Additional information is this month Going to be up for xrp in price against The dollar or down in price against the Dollar if you gu it's going to be down You'd be right most the time that's just A fact going back over a decade and the Reason that xrp is still in the top 10 Cryptos by market cap is because when it Goes it melts faces and so again either You have exposure when this happens or You don't but look at this so let's is Pick a point in time uh this is a huge Run so we'll say uh what do we got here Uh let's just say November 19th 2013 xrp At on that date November 19th 2013 was Worth about half a penny half a penny For one xrp November 19th now look at How high it ran ran up to over six cents That is roughly a 12-fold increase and It happened from again from November 19th to December 5th it hit that Peak at Over six that's a a 12-fold increase is Monstrous I I understand that 6 cents
For xrp doesn't sound High forget that The multiple is what matters 12 imagine A 12old increase from the current price Of xrp you'd be pretty happy wouldn't You so this must have been mindblowing Right and xrp hadn't been trading very Long uh and it just moved back to the Downside it wasn't long before it got Right back down to that Mark the half a Penny in fact it happened let's see April 13 by April 13th uh was back down To about half a penny and it got even Worse though in fact it got down to About 2/10 of a penny on um July 14th uh I'm sorry July 7th 2014 and it had been that low before Before it had that that big rally like In in the first few days that the uh Trading was being tracked if you go to August 16th 2013 it was about 210 of a Penny August 16 2013 so so this happening and again this Is the very beginning of the history of Xrp and I'm not cherry-picking pick a Calendar year and I will show you that This happens again and again again and Even over shorter time frames in fact if You look at this uh here's September 26 2013 xrp one penny roughly okay uh September 26 then then it jumps up uh to Let's see about at close to 1.5 cents Maybe a hair shy of that by September 28th but then you go a couple couple Days later you know let's see here uh
One penny on September 30th so like over 40 time span from a penny to almost a Penny and a half back down to a penny Like this you can cherry-pick data from Any point to make it look bad so like You can cherry pick what just happened Over the last four days and be like see Bitcoin went up and then xrp but then it Just xrp went back down and you can do All the crying stuff that I see on the Internet but it doesn't do you any damn Good because data is data and I'm Telling you whatever your emotions are Don't matter the data matters so do you Think that xrp is going to continue Acting like it has been acting or do you Not think it's going to continue acting Like it has been acting cuz I think it's Just going to keep going and and doing Exactly what it's I don't see a damn Thing that's wrong and then you can see Here um xrp call itth what November 20th 2014 is worth about 610 of a penny you Know you know call it half a penny to 610 of a penny November 20 right around Jumps up to 2.8 cense Mass like Monstrous move uh on December 19th and Then just crat on down by by the middle Of May 2015 it's back down to about 610 Of a penny half a penny right around There so does did that mean that xrp was Never going to go in the future and Again this is the very beginning of xrp The history is replete with examples
Like this and the data just proves it Like again the fact that most months are Down rather than up but xrp is still Number six in market cap that's only Possible because it tortures people Consistently year after year after year After year over very long periods of Time but then for brief moments you get Rewarded to a greater degree than pretty Much any holder on crypto that's Historically what it's been that that's What it is it's like that's what we're Signed up for now whether you knew it or Not that's what you're signed up for Historically speaking that's that's what We should expect historically speaking Now nobody knows for sure it's going to Happen for Price action and I'm not Pretending to and I'm not making some Sort of price prediction but my Expectation is that xrp is going to keep Doing what it's been doing for over over A decade now Why would it just stop doing it that Doesn't compute that does not make sense I believe it's just going to keep moving To the Upside and it's it's the same thing and You could I don't even need to pull more Charts for the purposes of this video But I mean think about what happened uh When what happened what happened in 2017 It's the same story it moves up and then It's back to where it was and it's just
People losing their oving minds like Okay so yeah I mean and that happened in 2020 I mean it went in fact xrp when it Went from about 20 something cents to Over 80 cents in you know either late October early November 2020 went to over 80 cents then back down to like 17 Cents but then it went to $2 like do you See the point I'm making and and yes It's you know I think it would have had A new alltime high if not for the SEC so There is that wrench in the works but But still it just it keeps behaving very Consistently whatever the re I don't Pretend to know I'm just I'm just Sharing with you data and perspective And I've been holding xrp over six years I've never sold a single xrp I'm well Aware of how xrp behaves people have Tremendous trouble managing their Emotions but this is just how it Is uh here's a post from analyst nagato He wrote look how negative the overall Market sentiment gets during a normal Correction on bitcoin after a parabolic Move to the upside and someone is saying That we are already at the Euphoria Stage hilarious this is exactly what I Want to say see yeah exactly and so That's because when you get to the Euphoria stage uh you don't see anybody Scared that's when you should be scared Though when everybody else is not scared It's like guys you all greedy AF man
Like uh like to in Euphoria mod you know That's what top that that marks tops That sentiment Here and then there's this from chart Nick crypto creder he reposted that and Said very solid Point majority of the Space is still imp anticipating a March 2020 crash or worse they can't grasp the Idea of us front running the hab having Which we already did and continuing into The end of 2024 I couldn't be more bullish on this Market in the short term which I think Is pretty fair point here's a post from Chart analyst jelly wrote Bitcoin pulls Back 8% crypto Twitter unironically says Quote it's as though this is what they'd Be saying yep that's it $122,000 next And that's about right some people never Learned now he's sharing this chart and If you can look at it if you're not Looking at your screen already I Encourage you to take a look it's going Back to 2016 look at all these price Corrections during bull runs look at This there were what seven pullbacks Over 30% uh in the uh the bull run that Uh ended up winding up in 2018 so look At 2016 into 2017 seven of them then you can look at The last Market cycle there were um Looks like the volatility gets reduced Every Market cycle I mean it tends that To go that direction any so you look at
2020 you know going into 2021 there were Four four pullbacks uh 23% 32% 15% and Down 23% and then there's oh there's Another one actually a little bit later In the year down 26% okay uh 2023 down 22% down 20% down 22% another down 22% and then this one At the time he posted this negative 15% Inside this candle okay people are Flipping out it's the end of the world Like it again this it's History either repeating or or just like Very closely rhing with itself it's About the same Thing that's just what's happening so That's what's happening with Bitcoin That's what's happening with xrp and if You think money is not going to flow Into xrp you better articulate with like Logic reason and data why we shouldn't Suppose that's what's most probable Though admittedly not Guaranteed seriously bring bring me the Argument use logic data and reason bring It to me why why is it more probable That xrp won't because the people that That think that it's just not going to And I see them bitching and moaning on The Internet it's because they're Looking at short-term price action but That doesn't paint the picture of how Xrp has behaved for over a decade it Doesn't make Sense here's a post from chart anal
Credible crypto and this is at 11:04 P.m. central Time last night didn't get That push higher and didn't it uh and Instead it looks like you my Bitcoin Here instead it looks like this is the Drop we've been looking for playing out Now note that this recent drop has wiped Most of our builtup open interest but we Still have a bit more room to go before Hitting the Baseline so we could go Lower to the green zone I marked off in The quoted tweet below at $63,000 to $64,000 this would be a logical place to Expect a bounce SL reversal if we get it Along with a wipe of the remaining Builtup open interest and and so again He's saying in that post Bitcoin maybe Goes to $63 $64,000 it might he shared This post this morning since this is an Update he wrote Funding nuked per premium at lowest Levels in a while open interest almost Completely reset and back to Baseline These are bottom things folks slightly Front ran the $63,000 to $64,000 Zone But if bottom isn't already in it's damn Close in my opinion and so he thinks That what's most probable is we're about At the bottom even if not exactly maybe It goes a little bit lower who knows Maybe we'll see that in the next day or Two who knows but he's not anticipating A more massive drop so take that for What it's worth and chart analyst blunt
Who's very popular over uh 248,000 Followers on X now he responded to that Post simply with a little handshake Emoji indicating of course that he Agrees he thinks that makes sense so That's what we're working with here so Is something wrong as I asked at the Beginning of the video no hell no Something's not wrong this is nor show Me what is different what is different With the price of xrp I understand xrp Dropped to 60 cents within the last 24 Hours so what I mean what's some War Prooof here's a 24-hour chart for XR P here's a 24-hour chart for Bitcoin let Me just flip between the two do these Look Samy does it look like xrp is no Longer moving in tandem with Bitcoin Which leads the market or does it look Like it's moving in tandem with Bitcoin Which leads the market which is It did do you have your answer in do you Need a phone a friend pull the audience It's the same damn chart look at this Come on Folks it's the same damn Chart that's because it's moving in Nothing is different in in this regard It just is it does not make sense to be Fearful that's my opinion so you do Whatever you want I'm not telling you What to do with your own money I would Never presume to do that I'm just Telling you what my opinions are this is
My YouTube channel damn it and I do what I want but that's what this is what Makes sense you should in fact if this Weren't happening xrp moving up to Whatever degree and then going right Back to where it were like then I'd be Like what the hell's wrong like I'd be Like this is different you know but Still the neat about that even though You can find tons of instances where This happens where xrp goes up and then Right back down to about where it was in Fairly short order even though the History again like I said repete with Examples of this over a decade of Examples of this even though that's true As the market trends up xrp still Does it it just does it's just it's a Statement of Fact 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
