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Hello this is Matt on the moon Lambo Channel xrp is about to take over the Market in terms of market dominance Which by the way is pretty low for xrp Right now I mean I think it's about 1.6% well because there's over 20,000 Coins in existence now so that is a Factor as well a little bit different Than when I jumped into crypto in 2017 But way till you see how high one chart Analyst thinks that dominance level is Going to go and if he's right xrp is Going to take up a substantial Percentage of the entire crypto market And it's not crazy to think this could Occur because there's historic precedent For it we have seen this in the past uh So in this video I'm going to share with You perspective from a number of Analysts having to do with u uh bitcoin Price expectations and then I have a few Analysts talking specifically about xrp I'm going to cover Bitcoin first though Because let's be real real here even if You're like me and xrp is way more Important to you you're way more Interested in xrp Bitcoin does lead Things and you should be interested in What's happening with Bitcoin if you're Not I'll just say that because if Bitcoin doesn't do well then I don't Think ultimately xrp will do well uh but 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 enjoy his 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 56 cents And Bitcoin is Um by the way in case anybody's curious It's 5:06 p.m. central Time on what the Hell it's Saturday isn't it yeah s all The days blur together man uh so Saturday February 17th 2024 and we have had a bit of bit of a Dip within the last 24 hours led by Bitcoin so here you can see 24hour chart For Bitcoin and live coin watch let me Flip over to xrp and it's the same damn Thing you can see what it dropped I'm Just flipping back and forth between the Two very Samy looking charts a rebound Almost all all of it's been recovered to This particular point in time and this This um this move was kind of expected In fact there is this post by chart Analyst credible crypto just this Morning and he said and here is that dip I discussed just nine hours ago and he Posted that at 10:58 a.m. Central Time This morning and then he had another Post where he wrote um this is just this Afternoon 3:34 p.m. he said if we front Run mcgreen zone I'm going be pissed and
I'll pause to note for those of you not Looking He's uh he's tagged a level of Interest Here what he's calling the green zone Because it's in green uh where you know You could see a correction to the Downside for Bitcoin perhaps as low as Say roughly 48330 bucks that's what he's talking About uh but he says really though I Still think decent chance we test it Even if we go for the local highs first Ideally we can form a nice range between New local highs and the green zone that Would be great to establish SL compound Position positions and so he does think It's reasonable to suppose we might be Getting down to those levels and xrp Undoubtedly would move in tandem if There's there's a notable move like that But that may very well be okay the level That most analysts are saying xrp needs To uh you know have his support and Continue to hold which it really has to This point is is 54 cents so it wouldn't Be a bad thing if xrp tests it yet again And just you know build strong support There and then we get to see a pop out Of there ultimately um here's a post From chart analyst Ali Martinez he wrote It never fails he wrote that this Morning what is he referencing he's Referencing one of his posts from February 15th just two days ago because
He thought it was plausible that this Dip that we just saw was actually going To happen and so on February 15th he Wrote warning the TD sequential presents A sell signal on bitcoin uh daily chart Anticipating a one to four daily candles Sticks correction note that the buy and Sell signals this indicator has shown Since December 2023 have all been Validated and so it's just interesting To see that he was warning this 2 days Ago and and just recently uh credible Crypto was warning hey it looks like we Might be seeing a little correction of The downside and wouldn't you know it And it does indeed come but it's not Exactly the end of the world and there Are certain levels that have very strong Support this isn't something to be Freaking out about it's just you know Crypto markets don't go up in straight Line Forever and so in the separate post Chart analyst Ellie Martinez also wrote This if coin fails to quickly reclaim The $52,000 level it might face an 8% Correction potentially dropping to Between $488,000 $46,500 At this price range over 1 million Addresses hold more than $544,900 it occur that's not that far Off from what credible crypto is warning Might happen on the low end so we'll see If it goes that low and if so some
People might be losing their F1 minds But I'm still in party mode every day Honestly like despite these dips even When Bitcoin in January after the Bitcoin ETF approval even when it popped Up to $49,000 briefly and then tanked Back down to the upper 30,000 I was Still thrilled like I'm I was still in Party but I'm like this is fantastic Market SN up in a straight line it was Clearly a sell the news event but now The Market's moving back up now that or Pass the selda news Event um then there was also this from Onchain College um wrote the Bitcoin balance on Exchanges is now the lowest level since April of 2018 almost 6 years Ago declining exchange balances plus Increased ETF demand plus having Decreased daily issuance plus retail Fomo once price breaks alltime High Equals fireworks now look um I'll just Say I don't think think the having is Going to be particularly meaningful some People buy into that narrative I I don't Really but either Way that level look at this again Bitcoin exchange Balan is lowest level Since April of 2018 if people don't have their Bitcoin On exchanges might it be because they're Currently not interested in selling it Even though the price is damn near
$52,000 isn't that kind of telling I Think that's fascinating and Retail it Looks like retail isn't here at least Not the new retail side there's there Hasn't been that Euphoria and even aside From that there's data to show I I Highlighted it yesterday uh shows that There aren't a crazy number of new Bitcoin accounts being created there I Mean there are some being created of Course don't get me wrong but it's been Decreasing lately despite price going up Just fascinating right uh here's chart Analyst cryptos talking about xrp he Says xrp got rejected at 57.8 resistance again now going for a Retest of our blue support area remember Our biggest resistance levels are Between 58 cents and 62 cents bullish Above those levels we are not there yet Yeah and so depending on where you look Actually a little over 24 hours ago Maybe more like 36 hours ago at this Point xrp did hit um above 58 cents so It does depend on where you're looking Not every NE Market necessarily would Have um seen that price level but it was Visible on on live coin watch so however They pull their data it's it was there Um but lots of analysts are noting that This is a range where you know maybe a Little tough to get past but once you do Might be moving to I just keep seeing Similar things along these lines and
Yeah you're going to see uh Discrepancies from analyst to analyst in Terms of what the level is going to be Precisely but I'm seeing a lot of Similar perspectives and once it goes Though like this thing's going to open Up at some Point here's xrp chart analyst egg Crypto he shared this market cap xrp Dominance chart and this is a fun one And again this is what I was kind of Referencing at the outset of the video Teasing a little bit here because There's historic precedent for this We've seen we've seen dramatic market Share from xrp in the past even if it's Shortlived but that's because when xrp Runs it melts faces nobody has a face Anymore too bad so sad and then uh you Know Peaks at some point uh a lot of Profit taking obviously and then it does Go back down just like any crypto would After a tremendous run like that but in Terms of market dominance way higher and So he's showing Where it is right now at least at the Time that he published this uh this Morning February 17th xrp dominants About 1.61% of the market that's it and With Bitcoin being over 50% that's quite A discrepancy but it won't stay like That and so what he's noting is for Those you look at the screen you can see The circle right here that's the range
He's saying to look at so could be Upwards of 20% and there has that has Happened before I think it's been closer To 30% in the Past so again it's just one of those Things where I know it just seems Impossible until one day a wake up xrp Is running and you find it's actually Not impossible at all you just have to Be patient it goes when it goes but xrp Is no longer Shackled the SEC lawsuit is Over it's got the freedom to run this Time if we're going to have a Mania Blowoff top yes xrp will be a part of It there's also this post from xrp chart Analyst dark Defender hi all two weeks Back we discussed xrp completed the Correction in targeting 60 xrp formed Wave 1 hitting 57.96 cents And bounced from the orange resistance For the daily frame the correction Should be considered to Fibonacci Support levels he names three 5 55.8 Cents 52.1 4 cents and 50.8 it might not necessarily hit 50.8 5 Cents but that is the final level at the Moment when I check the weekly frame the Correction will not last long but a Couple of days which is good to proceed To the Fibonacci targets which would be 64.4 3 cents 6649 cents and 76.46 C as previously discussed April is Expected to be great for crypto and
Xrp so by the time that happens and it's As far as I'm concerned like it seems Like a virtual inability those types of Targets getting hit at some unknown Point in the future you know this isn't Me making a price prediction it's I'm Just sharing what I suppose might be Probable but I don't know I don't know What's going to happen xrp price when This happens though assuming it does the Sentiment is going to be completely Different than what we've seen over the Last few weeks there's going to be this Renewed hope that xrp will be moving to The upside and all the people that have Been complaining that Ripple needs to Step in and somehow magically increase The price of xrp they need to fix the Problem uh those people will not be Using their face holes to say such Nonsense everybody's just going to be Cheering and I look forward to it Because that is more fun it's definitely More fun uh but you just wait until it Gets back above a buck my God God I know That it'll be an important psychological Level to break but when it happens this Thing's going to run like crazy and even It doesn't mean we'll necessarily get a Burst to an alltime high I wouldn't Expect that right away but uh it's going To be fun people there will be some People that are just going to be in Disbelief but I've seen this story too
Many times play out of course xrp is Going to run with the rest of the market If the market goes xrp will be a part of It period so I'm just going to sit here And wait because it's a virtual Inevitability so far as I'm concerned Yeah xrp is going to have a big ass Percentage of the market uh people are Going to sell and then it'll go down but That's natural that's normal xrp is here To stay Though I'm not a financial adviser you Should not buy a 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
