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Hello this is Matt on the moon Lambo Channel I believe that this is the Closest that xrp holders have been to a New high in six years since early 2018 When xrp hit its all-time high of close To $4 this is the closest we've been Since then and I'm not the only one that Supposes this and there's no shortage of Analysts at this particular point in Time that say uh Market's only going to Be getting hotter I want to share with You perspective from some though who Expect that uh altcoin is really going To be popping soon uh xrp specifically Uh going to hop up to at least a buck 20 In in the short term and there's an Analyst that says this actually probably Is the last time you're ever going to be Able to buy xrp under a buck and yeah Look I know famous last words I've heard That said by so many people but Eventually there does come a point where That actually could be true you know the People that were purchasing xrp 6 years Ago for about half a penny were among The last people that would ever buy it So cheap cuz once it did go once it Started running it never went back down It never went anywhere near half a penny The lowest we saw and it was very Briefly was in March 2020 when xrp got Down to 10 cents but nowhere near half a Penny and so the idea that we're going To see xrp under a buck after this
Market Cycle well we'll talk about that though Um plenty to discuss here 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 Enjoy is making YouTube videos about Crypto related topics but just as a Hobby and just for fun at the time I'm Recording this xrp is 62 C and Bitcoin Is just a hair over 44,000 that happened Right as I was recording the intro of This video I saw it finally crept back Above $44,000 uh in case anybody's curious at The time I'm recording this it is Currently 10:50 a.m. that's central time Uh Saturday December 23rd 2023 market cap for the asset class 1.68 Trillion in crypto crypto Fe in greenex 70 out of 100 things only going to be Getting hotter now there was a um a Little bit of I don't know if you want To call a warning but this is the latest Post from chart analyst credible crypto On bitcoin specifically and he posted This 1:26 p.m. central Time yesterday so A little less than 24 hours ago and he Wrote um uh fresh asks appearing on Binance bitcoin spot think the intention Is to force a liquidity grab so think we
May get a quick sweep of these lows Before a reversal and continuation to The upside and he had described this Type of situation before as he goes on To note in that post and it looks like The some of the levels you were talking About would have been closer to the Lower 43,000 now at this point um Bitcoin has been trending up for a good Bit at this point and did get as low as 43477 bucks so we'll see what happens Here um now as far as alt season let's Talk a little bit about this so there's This post that was shared by chart Analyst EG crypto and uh what you're Looking at right here is crypto total Market cap excluding Bitcoin so all the Altcoins that's the chart that's on your Screen right here and he wrote The Following and he's not the only one That's sharing this type of message but He wrote alts are ready the monthly time Frame is witnessing a breakthrough in The macro range accompanied by a bullish Cross on the macd The crucial task for The Bulls now is to transform this macro Range into solid support alt season is Knocking on the door signaling an Opportunity but it's wise to secure Profits while they're available yeah Well I I sure as how I'll be doing that For the first time ever I anticipate That this Market cycle will be the time I finally begin cashing out into United
States dollars I've just been Accumulating and purchasing at various Times for the last just over six years At this point that I've been in crypto But this will be the time this will be The run this is my expectation anyway This something goes way off the rails I Anticipate that I'm going to be selling Like crazy either most are all of my Crypto Um now as as far as the you know Altcoins finally breaking through I'll Just note like it's very clear that Altcoins broadly speaking have been in An accumulation range for like what a Year and a half or so or for for many of Them certainly over year for for the Vast majority you can find you can Always find outliers and so it it's very Clear like at we're finally at this Moment where those coins in recent weeks Have start some of them started to creep Up out of what would be considered the Accumulation Zone and it's just kind of Exciting to see you know the notable Move to the upside and this is before we See Euphoria we're nowhere near Euphoria Just you you can tell number of metrics I've been talking about in recent days This do this is not what Euphoria looks Like but it is excitement and there's I Mean I'm excited about I'm having a lot I'm a great time I hope you guys are too
Because most of the last few years Haven't been the most fantastic right in Particular for xrp holders I hope you Guys are enjoying this too because I Think that there are a lot of people Listening right now that actually will Be achieving life-changing wealth thanks Thanks to crypto there are a lot of People that are going to achieve this Market cycle Financial Freedom and you Know as as far as xrp actually you know Before before I get into xrp I wanted to Share with you a perspective because This actually goes hand in hand with This idea of you know altcoin starting To pop off here there was this headline From the daily basic uh the daily the Daily huddle um crypto analyst breaks Down total crypto market cap says Bitcoin seeing a top in dominance and This interested me because um you know Not that I'm completely slding the idea That bitcoin's gonna you know the Dominance is going to decrease uh but When you see that happening that's Historically when you've seen altcoins Just go absolutely Ballistic uh but but you actually can See the PRI the price of Bitcoin rise Even as dominance decreases and all that Would mean is that altcoins broadly Speaking are just outpacing Bitcoin in Terms of growth and there's historic Precedent for that too so so it can
Happen but uh peace read this follow A widely followed crypto analyst says That the total crypto market cap is on Its way up even if a few hles still Stand in its way Crypt Trader Michael Vanderp tells his 6779 followers on the social media Platform X that crypto's market cap is Facing an obstacle similar to what top Crypto by market cap Bitcoin saw at $338,000 and here's the quote the total Market capitalization for crypto fac is The same hurdle as Bitcoin did at $38,000 breaking above $1.6 trillion is Breaking back in the area prior to the Luna crash this would mean targets are 1.85 trillion and $2.2 trillion which Are inevitable upwards trend is clear End quote now I certainly buy into this Idea that the there's going to be Obviously an upward Trend I think that The next you know four five six months Whatever is going to be at a minimum Probably going to be a lot of fun it's Going to be the the most fun we've had In years frankly but as he noted here When he's talking about the Luna crash That's what I was saying like altcoins Have been an accumulation zone for about The last year and a half and so this is The last point where if you want to get In in into altcoins in that range like We're leaving it now so this is pretty Much it and then things are just going
To start going because the market moves In tandem just broadly speaking you can Find some outliers of course but it is What it is and so he does go I don't Need to read the rest of the article I Just wanted to make that broad point Then he does go into State quote I Sincerely believe we're facing a top on The Bitcoin dominance inco yeah and so He we'll see if he's right on that I I Don't know I don't have a strong feeling On that in terms of the timing but again Even if it is the case it doesn't mean That Bitcoin can't hit a new all-time High and it better a Bitcoin better hit A new alltime high because I do not Believe that xrp is going to hit a new All-time high if Bitcoin doesn't it'll Just be another one of other instance That would just be utterly frustrating I Think for a lot of people out there um In which case we'd have to hold even Longer or just not see it through I Guess I'm going to be here no matter What but I do think what's most probable At this point is uh things are going to Get a lot more chaotic in a very fun way Um here's what e crypto had to say about Xrp specifically here I can make this Chart full screen for you as well it's Just an xrp price chart he wrote uh for Those of you looking he's kind of Describing what's what's on here on your Screen xrp white red green for better
Context refer to the May 16th 2023 post About this chart so what's ahead all the White zone is ranging red lines Resistance Green Line support the 21 we Moving average or WMA for short is a Rock solid support for xrp's price xrp Is currently grappling with macro Resistance but mark my words the next Surge in xrp will effortlessly cut Through these resistance lines like a Hot knife through butter targeting $11.20 to $11.40 in a blink of an eye xrp Army Stay steady and accumulate xrp below $1 Because it's unlikely highly unlikely to See xrp below that Mark ever again okay And so look I've been in crypto long Enough over six years now to know that When people say you're not going to be Able to buy below the you know these Price this price range ever again it's They're almost always wrong now that's Not an insult against e crypto that's Not why I say that in fact if there were Ever a time to say it this would be the Time to say it to be honest with you I I Actually would be on I don't know if It's going to happen and I don't make Price predictions not a CH out here Uh but it doesn't sound crazy to say That at this particular moment because This is the point where we're getting Into the crazy fun part of the cycle so Just like I was saying at the outset of
The video for the people six years ago That were buying around half a penny if You had said back then uh yeah this is Probably the last time going to be Buying xrp at about half a penny you Would have been right because it blasted Up months later to over 40 cents and Even when it crashed back down I don't Remember how low it got again even in 2017 it may have been like maybe it was Brief for like 12 13 14 cents I'd have To look at a chart but nowhere near half A penny and then it just ranged sideways For another half year before that crazy Top so we could potentially be seeing Something like that again I mean there There's certainly historic precedent for That uh even last Market cycle is is a Frustrated as it was that the SEC made It so that xrp uh wouldn't hit a new All-time high even though that's the Case we did see xrp go on a couple Different runs so before the lawsuit Happened xrp ran up from about 20 Something cents up to over 80 at the end Of 2020 and then it cratered back down There was the SEC attack obviously but Then separately months later it went up So the idea that we'd be seeing Something similar now if this is the fun Part of the market cycle the idea that We'd see xrp get up above a buck and in Very short order doesn't sound crazy and Again I'm not a charkey so I'm not
Making that prediction I'm just saying That you don't need to be a charkey to Understand there's actually historic Precedent for that type of behavior here So wouldn't be surprised in the least to See that and and so as far as never Being able to purchase xrp below a Dollar again possibly because if you're If you're talking about xrp finally hit Into alltime right like let's let's say That actually happens how high is how High is xrp going to get is it going to Get to at least what at least 10 bucks I Hope I would hope it would 10 11 12 13 Bucks I mean even if it just gets like 10 bucks if you're you're talking about From there a 90% crash to get back down To the $1 Mark so yes if xrp goes that High the idea of it going below a dollar Becomes substantially less probable so I Actually don't think that's crazy so Most of the time over the last six years When I see people say stuff like that I Kind of roll my eyes and go on with life This is not a time where I'm going to be Rolling my eye my eyes over when I see See people stay stuff like that because Look where we are in the market cycle so We're going to find out together but This is the time to be Excited uh there was also this post from A dark Defender who recently exceeded Over a 100 ,000 followers on social Media platform X I can tell you that's
Not an easy thing to achieve uh but he Shared this xrp price chart this is from The 21st this is the latest update for Him so I thought I'd share this as well He wrote uh xrp had a break in the daily Time frame I forgot how many ups and Downs we had breaking the daily the RSI Is above 50 and having the breakout Indicates that xrp is heading towards Yes Bravo 66.4 again it would be nice to have xus And a new year present touching $15 and So I just wanted to point out got Another analyst that does believe in the Short term it is very plausible that we Could be seen over xrp over a dollar and I know it always seems impossible until It doesn't and this is just how people Get it's moving sideways you see other Stuff popping off then the emotions hit You oh my God but why isn't my xrp going I've seen it too many times folks I've Seen it with xrp and other Cryptocurrencies it's just humans being Humans just the fact that it's not above A dollar yet doesn't mean that a can't Or won't be in the future that's silly Nonsense so we'll see what happens oh by The way as far as the SEC I just wanted To briefly mention this uh here see the Headline SEC reportedly tells spot Bitcoin ETF Seekers to submit final Changes by next week U we've been Talking about this a bit but uh there's
A a rumor that specifically there's a Deadline for particular alterations Submissions here so check this out Officials from the SEC met this week With at least seven firms proposing to Launch spot Bitcoin ETFs and Unidentified Executives from two of the Companies said they were told to submit Final changes by December 29th Reuters Reported citing public memos in two People familiar with the discussions Representatives from Black Rock Grayscale Investments Arc invest in 21 Shares were among those meeting with the SEC the SEC must decide by January 10th On a joint proposal from Arc n21 shares Reuters said most issuers and anticipate The SEC May approve several applications At once before that deadline yeah so I By the way I am I am now on board with That thought process for for most of the Last year or so whatever it's been my my Foref fund guess has been that black Rock would would singularly get approved First uh my opinions changed based on New real world data in recent weeks and You can see that the who who the sec's Meeting with the way they've lined Certain things up with I think what's Most probable now is yes we get approval But probably from multiple firms at once So I changed my personal opinion I it's Just a fun for guess any for fun guess Anyway uh but it it changed it based on
Actual real world things that are now Known to the public so um but this is The cool thing so like this is that's What I keep say you've not seen the SEC Behave like this in the past because They weren't serious but all of these Meetings why would they be putting on a Show I just don't think that they would Be and then this deadline from the 29th So they can wrap everything else up that They need to do on there and so they can Announce this no later than January 10th Seems pretty plausible I'd kind of be Surprised if this didn't get approved Because the SEC is materially doing Different things that has never behaved Like this in the past why would I not Think it's probable and maybe we get Really surprised and that date passes And there's no approval okay I don't Think that's probable do you guys I mean Maybe it happens but I I think what's Going to happen is we're going to see Approval by then and then things are Going to go Bonkers and then that's when We find out if it's a sell the news Moment and it could be i i i my for fun Guess on that topic that idea is that we Do see a major burst in price to the Upside for Bitcoin uh maybe even broadly The crypto market and then at some point Not terribly long after that you're Going to see a move to the downside a Sell the news but uh credible crypto
Thinks that it's actually not going to Be the case so um and he could be right You know he said yesterday or two days Ago or so that he thinks it's a by the Rumor and by the news event that's what He thinks it is because you know it's Normally buy the buy the rumor sell the News he's saying no you buy both so he Could be right that would be I'd prefer That I'd rather just go up forever Because I'm already positioned like Whatever man I don't need crashes to the Downside or anything just go go on up go Head on up to the Upside then let more people Pile in and That' be great because I need exit Liquidity so we are so close folks I I Mean it seems that way nobody knows for Sure but man I haven't been this excited About holding xrp and this confident um We'll find out rightly or not in the Future but I've never I personally have Not felt like this for the entirety of The time like I've never felt we're so Close the whole time I've been holding XP over six years now So we could get disappointed but as long As Bitcoin does hit a new all time I We're going to be good I think so let's Find out what Happens never a dull moment my friends I'm not a financial adviser you should Not buy yourself anything because of Anything I say or right that would be a
Very very very bad idea until next time To the Moon then Tempo
