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Hello this is Matt on the moon Lambo Channel xrp is just teasing you it's Just messing around with you you know it May make you feel all sorts of negative Ways but it is absurd so far as I'm Concerned just absolutely absurd to Think that what's most likely to occur Is that xrp will not break out to the Upside during this Market cycle and in Fact the xrp market cap chart which I'll Show you uh dating back about a decade Shows a positive trend within a Symmetrical triangle which will have to Break out one way or another at some Point so I ask you when it breaks out Given that we're in a bull market will It break to the upside or the downside And I I will show you the chart in this Video but to me it just seems like a No-brainer in terms of not what is Certain but is but what what is most Probable but um before going further I Doing 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 all right so here is the Nent Tropic account on social media Platform X now this particular account Is shared it's run by the co-founders of
Glass node which is a fantastic onchain Analytics firm and so if you're kind of Wondering where might this Market top Out for Bitcoin um if you want to at Least go to a source that you know it's In some sort of wackadoo or Fly by Night Individual you can definitely count on The folks over at glass node and they Have a broad range here depending on Which chart you're looking at but uh Either way if they're even remotely Correct my God we got some fireworks Ahead of us because if Bitcoin goes as High as they're saying it's reasonable To suppose it might what that means for Altcoins including xrp I mean it's just fire it's just going to Be it it'll be face melt season before You know basically so they shared this Chart Bitcoin USD chart and wrote The Following Bitcoin how do we need to study Bitcoin If we look at Bitcoin in a normal chart The Target in the blowoff top seems to Be $112,000 however if we look at Bitcoin In a log chart we may have $250,000 as a Target now I I will say out of all the analysts That I respect and Follow it's it's almost entirely numbers Within that exact range 112 to 250 yeah Pretty much everybody's somewhere inside
Of that so I buy the idea that Bitcoin Getting there this Market cycle though Nothing is guaranteed I certainly buy The argument that somewhere in that Fairly admittedly fairly broad range is Reasonable reasonable to suppose is even Probable yeah I buy that here's a post From from chart analyst jelly bears are Trying their best to convince you Otherwise but Bitcoin is well on its way To $100,000 don't get shaken out while Bitcoin chops around above support yeah So I talked about this in my recent Videos it's been a couple minutes or so Probably talking about what is happening The degree to which we're clearly in Consolidation right now and how there's No shortage of proof to show that this Time is not different uh we saw Occurrences exactly like what we're Seeing right now after Bitcoin hit a new All-time high just it just takes time Before it breaks out um you know past That it's just it'll bump up against it It'll tag the the alltime high then It'll flutter about sometimes for many Weeks or over a Month uh there's historic precedent for That so the fact that we're seeing that Now shouldn't be surprising but yes the Idea of Bitcoin this cycle getting to at Least $100,000 sounds pretty reasonable we're
Going to find out together what happens But it sounds reasonable at a minimum Right uh here's a post from chart Analyst cryptol and it's an xrp market Cap chart and this is the one that I was Referencing at the outside of the video And it shows a symmetrical triangle so It shows the market cap for xrp going Back uh this one goes back to uh Basically the beginning of 2017 so Better part of a decade Here and um you can see the dollar Figures on the on the right and what do You see within this thing because Minds You so here here's what Investopedia uh Explains about what a symmetrical Triangle is which is what is on your Screen right Here and and even for a non-art analyst Like me someone with a simple little Mind like mine I can understand this and I know that you'll be able to too one of Two things is going to happen with Force So check this out they write a Symmetrical triangle chart pattern is a Period of consolidation before the price Is forced to break out or Down a break down from the lower trend Line marks the start of a new bearish Trend while a breakout from the upper Trend line indicates the beginning of a New bullish Trend now I know that's like chart stuff 101 that's like even even guys like me
Are not in ch we're aware of that right So let's put this in real simple terms That's what I'm doing here we are in a Bull Market what do you think happens on this Chart by the time this Cycle's over what Happens is it going to break out to the Upside or is it going to break down and Make us all a bunch of sad Pandas well cryptol with his yellow Marks right here is clearly indicating That inside of the symmetrical triangle We're seeing a positive Trend at least back to call it close to Mid mid 2018 maybe the first half of 2018 look at what it's been Doing he seems to be indicating here That he thinks yeah it's actually even Within the symmetrical triangle it's It's it's a positive Indicator so just knowing the Environment that we're In this is a bull run like we're sitting Inside a bull run I know we've been Consolidating and some people the the Weekends out there some have capitulated Okay this stuff happens it's normal even In Bull Mode something's going to happen I just Don't believe for a moment that's what's What is most probable is that one of the Most successful most adopted Cryptocurrencies in all of crypto one of Only three cryptocurrencies to have
Always been in the top 10 coins by Market cap for its entire existence is Going to sit this one out it has legal Clarity I understand that it didn't Happen the way we wanted last Market Cycle because of those ass hat Pricks at The SEC of course I got that bunch of no Talent assclown totally got it that's Not the situation we're in right now This will break Out and I I mean I just it's going to Happen this Market cycle there's no Excuse for it not to anyway so if if We're wrong because I know that this is What the vast majority of us believe is That you're going to see a major pop to The upside if we're wrong we're going to Need to have that come to Jesus moment Have a talk is that what's probable Though I just don't buy it for a second And by the way here's the latest on the Xrp BTC chart it is still above the Level uh that was touted by many Analysts as likely though not guaranteed Likely to be uh the low regarding uh xrp Priced in Bitcoin back here you can see On March 11th so it's it is still above That level so hopefully even though it's It's fairly close to where it was at That point hopefully it stays there um Now of course on a higher time frame and Any analyst worth their Sol to tell you This even if it goes below it that Doesn't mean that that's some sort of
Guarantee that now xrp is no longer Going to play ball for this Market cycle This is just an important chart pretty Much every analyst Under the Sun is Going to tell you that and so I'm just Watching it I'm just curious to see what Happens cu I want to know where the Analyst WR and what they said is Probable that March 11th roughly Speaking was the bottom or is that Actually not it because at this point It's been holding for almost a month at This point so um I would prefer that Because it' be nice to finally see a Clean break to the upside uh it's fairly Close to it at this moment but we'll Just have to sit tight and we're going To find out together nobody knows for Sure at this Moment uh I want to highlight this too So Uh this what's on your screen right now I'll read this in a second here it's Perspective from uh an onchain analyst Here goes by the name uh Checkmate and he's the lead onchain Analyst at glass node certainly like I Said earlier in the video huge fans of Glass Node and what he says right here I Thought I'd highlight this just take a Couple minutes here because what he says Here he's talking about Bitcoin but it Absolutely the the concept here it
Applies to xrp and and it absolutely Very strongly supports my argument that The outrageous prices of you know $10,000 Plus for xrp are nothing but Fantasy Land opium and so I'm always Going to fight back against that crap And I've gone into great detail in the Past explaining folks there is not Nearly enough money on the planet for Xrp to be worth $10,000 $30,000 $100,000 There's not enough money on the planet For speculators to bid the price up that High that is not how this works it Doesn't exist and I showed you the Degree to which like if that happened Like like the total share of wealth that Would be an xrp and I don't remember the Figures off the top of my head but I Went in depth in a video uh just Shredding the idea here but here's Another way to do it in simple terms Without going into that level of Specifics because this is what he's Saying here it's clearly true of Bitcoin But it's also true of xrp and so here's What Checkmate wrote there was a time When a chorus of Bitcoin analysts were Banging on about unrealistic 100x Multiplier effects per dollar invested I Proposed it was much closer to 5x and up To 10x only in low liquidity spikes Since January 2023 the Bitcoin market Cap is up about $1 trillion insane in Its own right the realized cap is up
$172 billion in the same period and ETFs Only absorbed about $12 billion less Than 7% of the realized cap change the Realized cap is climbing because old Coins are revalued higher both from Gbtc so of course that would be the That's the grayscale spot Bitcoin ETF That's 30% but the rest by hodler Selling the 100x multiplier was always Bullocks as it assumed no coins were Sold higher prices create sell side Supply and forgetting to account for This is a factor that will separate Great from not so great analysts this Cycle in my humble opinion and so I will Say for every dollar going in if it's a 5x anywhere from 5 to 10x which I had Said in the past is Reasonable I mean that's that's amazing Enough that's that's a that's some Serious profit for each each each dollar Flowing in the Space but at some point people do Sell so if you think that xrp is going To like $10,000 $1,000 whatever it is Whatever your whacka do number is ain't Happening ever not priced in today's Dollars the only way that you could see That and this is not what people are Talking about when they say xrp will be $10,000 if there's runaway inflation Hyperinflation but that's not what we're Talking about we're talking about the Purchasing power of xrp in today's
Dollars not a world where a loaf of Bread cost $10,000 so no it isn't ever happening Clearly so I thought i' just point that Out yeah if you're talking about xrp Getting into safely into three digits I Don't know if that's ever going to Happen but it's plausible there's way More than enough money on the planet way More than enough for that to happen for Xrp to be worth over $100 200 whatever Pick a number that's way higher than Today yeah absolutely that could happen I don't know if it will but that is Totally reasonable to suppose that if Xrp is wildly successful at adopted over A longer period of time yes that could Happen but not $110,000 it ain't Happ happen Inside 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 Lambo
