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Hello this is Matt on the moon Lambo Channel xrp is currently the best Performing top 10 crypto by market cap Here you can see it on your screen xrp Up close to 3% at the time I'm recording This which by the way is 1:09 a.m. Central Time my time zone uh Tuesday April 23rd 2024 and every other coin is about it Break even I me you got salana up 1.63% You got ton coin down 7.98% % and so This has caught the attention of pretty Much everybody in the entire crypto Space including an onchain analytics Firm which said and I quote xrp has Jumped ahead of the altcoin pack end Quote so as I've been saying Consistently the people who think that Xrp is just going to sit on the Sidelines this bull run you are out of Your damn Minds xrp is a part of this Asset class and the asset class moves in Tandem if we're going to see a Full-blown alt season xrp is going to Participate and the only reason it Didn't hit a new alltime high last Market cycle is because of the nonsense With the SEC it is that Simple I'm telling you the people that Think xrp is just not going to Perform they are going to be proven Disastrously embarrassingly wrong and The setups in the past that have led to Xrp hitting a new all-time high entering
Price Discovery melting faces those Things are at play right now those Things are happening again we're at the Moment right before it starts to go I Just I I unless there's some sort of Black Swan event and everything falls Apart now fine outside of that xrp is Going that's what I believe anyway so We're going to spend the vast majority Of the video talking specifically about Xrp but uh before going 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 enjoys Making YouTube videos about crypto Related topics but just as a hobby and Just for fun as I record this video xrp Is 55 c a 24hour high of 57 cents you'll Love to see it uh up 12% over the last 7 Days you got Bitcoin at 66,6 24 bucks up Uh 5.73% over the last 7 Days um I did Like seeing that it had a 24-hour High Though of 67,2 39 bucks I mean I I may Not care about Bitcoin that much even Though I've been holding it since 2017 Because I know that you know if I'm Really going to get true life changing Wealth from crypto it's going to be Almost entirely from my altcoin Holdings But it leads the way so I watch it talk About it literally on a daily basis even
Though it's the most boring crypto to Talk about so far as I'm concerned it's Just it's the least technologically Advanced it is what it is but I Appreciate it I do appreciate it it got This whole thing going here but uh love Seeing it move to the upside and how Look it's been in consolidation recently It won't stay there forever it is going To break to the upside and we're going To have some major moves Uh for for all coins including xrp here You have the crypto fear and GRE index At 71 out of 100 indicating that the Market is still feeling greedy here's a Post from onchain analytics from Santiment this is reference what I was Referencing at the outside of the video The price of xrp has jumped ahead of the Altcoin pack jumping plus 6% and as high As 56.8 7 cents today the amount of Wallets 2013 holding at least 1 million Xrp has been surging over the past 6 Weeks rising 3.1% and is within one wallet of the All-time high okay now that's cool and So what you see here is whale Accumulation go figure at this at this Point in time while sentiment is Probably the worst I've ever seen it in For Xrp what are the people with the real Money doing what have they done why do You think there are more wallets now
With uh with at least that much xrp what Do you think the reason might be might It be that the typical liming retail Speculator is a goddamn idiot and Perhaps making poor um poor financial Decisions based on emotions based on Their feel feels might that be the case Might it be that the people with money Have it because they're broadly speaking Probably not as big idiots as the Typical looming retail Speculator and They have invested accordingly do you Think maybe that might have something to Do with it I got a hunch got a little Bit of a Hunch here's a post I got two posts from This analyst um the first one's actually From January 31st to kind of set the Table here uh this analyst is named Tony Srino I just started following him Within the last few days he is pro xrp He is he's posted publicly that he holds Xrp himself I was just surprised and I Noted this last time I covered something From him he I was surprised because he's The head of research at newsbtc which Especially back in the day like 2017 2018 my God the the tripe that that Particular publication would write about Xrp the bogus nonsense the fud all oh my God just a bunch of garbage so I was Surprised to see that there's somebody Working over there head of research no Less who is pro xrp and holds xrp I was
Like w that's pretty cool so I thought I'd mention it anyway so I started Following him so we we'll see to to what Degree he he's accurate but uh here is What he said on January 31st because Look the market always finds the bottom And then at some point if there's going To be a true Bull Run You can you can see it very clearly in Hindsight and so the question has been And continues to be where's the bottom From xrp did it actually happened and That's what he was asking on January 31st this year he said xrp sentiment is In the gutter already on Reddit this Hack won't help the situation could this Be the final capitulation shake out and Of course I'm sure he's referencing the Uh the hack Chris Larson hack I'm sure You guys remember that when he got a ton Of xrp stolen I haven't heard any Updates on that by the way it's come to Think of it um but anyway and so he Shared a couple screen grabs I guess for The sake of time I won't read them but There are a couple people bitching up a Storm xrp's not running blah blah blah Since the high when it ran in 2017 you Know the whole deal and and you know Sentiment has been horrible so chart Analyst Tony srino absolutely correct And noting that so he's just kind of Wondering might this be the the the Final uh you know final capitulation
Before you get this big jump up and he's Noting the similarity to what happened In 2017 which I bring up all the damn Time because it is true the sentiment Was in the gutter here in 2017 and what Happened face melt face melt happened And he's noting this is the the period We're in now so whe whether the bottom Would have been in January 31st and we Now know it wasn't or or if it's coming Up today tomorrow next week next quarter Whatever roughly speaking we're like We're in that zone where it's going to Happen and so we shared another post This was on April 22nd this is brand new He reposted that and he wrote no this Was the final capitulation ShakeOut and Xrp and so he seems to be confident that The the most recent ShakeOut that we Just had U that was it he thinks that in All probability it seems like that was The bottom for xrp and I'd love for that To be the case I'm ready to run to the Upside um even if we do see a move to The downside again though I'm not going To care I've been holding over six years I'm as patient as they come so whatever It takes I'm down I'm having a good time Uh even even the bare markets I'm having A good time running this YouTube channel It's just it's an amazing opportunity Uh you know just to to be at this moment In time with the Advent of crypto once In a species event and we get to live
Through this yeah you better believe I Have fun even in bare markets but here's A post from chart analyst dark Defender Who thinks we actually could see a bit Of a move to the downside but he doesn't Think it matters even if we do he wrote Even there's a chance for 39 cents no Worries xrp hits $1 soon $1 is nothing Compared to what's coming yeah and so He's obviously a mega uh xrp Bull and I'm in the same camp There Um the that's why I get the idea that Xrp it's just going to sit this one out No new alltime high for xrp but Everything else including the doggy coin All that crap all of it with hat with Hat whatever it's all going but not xrp Because reasons even though clearly Speculators in the space are showing you That they do value xrp which is why it's One of only three cryptocurrencies that For its entire existence has always been In the top 10 coins by market cap and That despite an onslaught uh and all the Negative stuff that came along with the SEC lawsuit despite that don't you think That maybe that's the entirety of the World the speculative World literally The world over don't you think that's That's them maybe disagreeing with you If you think that xrp's just not going To go maybe they're telling you Something there do you think that might
Be the case or it's just been there for A decade but now it's time to go down it Wouldn't not not during the SEC lawsuit When it would have made the most logical Sense for it to go down if it was going To but now now that we're in a bull run This is the moment it's going to okay it Doesn't make a damn bit of sense here's A post from chart analyst egg crypto and This is an xrp BTC chart which by the Way is looking a lot better recently and He wrote xrp BTC writing the third wave No time to waste the initial Target to Overcome is 001052 if Bitcoin stays around 66 to $70,000 uh equal to 69 to. 73 I wouldn't Mind seeing that for xrp just just to Get things started you Know a close Above This level will pave The way for the next Target at 0.0000 2982 which could come very Swiftly $66,000 to $70,000 Bitcoin Equals $11.96 to $2 and as far as I'm concerned it's Although it's not literally a certainty It practically is I mean unless we're Not going to see the whole Mar and then I'd say okay guess we wait a few more Years but I don't think that's what's Prob Here and so uh yeah here's the latest This just the latest xrp BTC chart here You can see you know dropped a the
Bottom of the cycle April 13th so is that the actual bottom on the Xrp BTC chart maybe but even if it's not My point is it doesn't matter because Ultimately a bottom is Found uh here's a post from crypto insuk Xrp update this this is still in play And then he shared this chart on your Screen it's just an xrpusd price chart Noting that there's a liquidity grab After you can see these Wicks to the Downside very optimistic obviously That's going to move to the upside he Also shared this chart it's an xrp BTC Chart and he wrote this is still in play And so he's obviously Mega bullish that You know ultimately bottom gets formed Shoot on to the upside so again there's There's so many reasons to look forward To to what's going on here it just Doesn't make a damn bit of sense to be In the negative here and and one of the Reasons one of the first things I I Covered in this video was what santiment Said is because they consistently year After year after year show that they are Unbiased they just share data you know I Mean they they will share some opinion Stuff but it's always backed in data It's none of the tribalism that's what I'm getting it's none of the tribalism That you've become accustomed to in the World of crypto you know and they're Highlighting this because it's true look
At the actual behaviors look at what People are actually doing that's why This is the most optimistic I've ever Been in my entire life for the Opportunity that I personally have with My xrp and I know that so many out there Listening are feeling the same right now And I think it's actually a small Percentage of people in our community That are negga have negative sentiment About xrp it's just that they're really Noisy so it makes it feel like if you go Into social media that's just all that There is but that's that's how it goes But if it were really that bad xrp would Have fallen out of the top 10 you know It would it would just be tanking to the Down that's not what we're seeing in Fact xrp has um ever since it's June uh June 2022 low uh when it hit 28 cents Ever since then it's been hitting higher Lows for basically two years now two Years trending to the Upside excuse me so I understand that Just because so xrp BTC looks worse just Because bitcoin's been performing well But that's normal and then xrp plays Catchup they don't go at exactly Literally the same Time so it it things everything is what We should expect it to be for xrp right Now based on historic precent isn't that Exciting I say yes this thing's going to Go absolutely crazy and I am here for it
I'm not a financial adviser you should Not buy or sell anything because of Anything I say all right that would be a Very very very bad idea until next time To the Moon Lambo
