Follow me on Twitter: @moonlamboio
SIGN UP FOR A FREE 7 DAY TRIALGET YOUR .CRYPTO DOMAIN AT UNSTOPPABLE DOMAINS
TRADE CRYPTO ON BINANCE HERE "LOW FEES"
DISCLAIMER: I am not a financial adviser. None of what I have communicated verbally or in writing here should be considered financial advice; it is not. Do your own research before investing in any digital asset, and understand that investing in any cryptocurrency is inherently risky. If you do, you need to be prepared to lose your entire investment.
Hello this is Matt on the moon Lambo Channel I made a few comments in my very Last video about certain xrp holders Being a little bit crabby you know what I'm saying because xrp from their Perspective it should be doing better They just feel that it should be doing Better and it should be way higher in Price and I'm sitting there looking at Like uh it's number six in market cap It's got legal Clarity uh the market Goes in tanm I'm sitting here smiling as As as widely as possible so I don't Share these fears from these people I've Been in this too long to get emotionally Uh you know to feel emotionally Disturbed by what I perceive right now As very normal price action for the Crypto Market none of this looks weird To me but I I want to focus in this Video on I what I think is some really Thoughtful uh perspectives uh having to Do specifically about xrp and the Sentiment the you know in the space for Xrp holders um and I broadly agree with What this particular analyst said There's one thing where I could nitpick A little bit and so I will because it's My channel channel I do what I won't but Really it's just a a little bit of me Respectfully disagreeing but I think That the perspective and insight here is Pretty well spoton so uh just thought I'd share with you some thoughts on that
But this particular analyst says that Xrp is quote like a coiled spring ready To pop off end quote and so look I never Make price predictions I never will Because I just be making crap up out of Thin air I'm not a Char I don't want to Be I just want to be a long-term holder Because I know that works but I I just I Got to tell you it sure as hell does Seem that way doesn't it this thing has Been PRT my friends like it is it's in Prime position and my personal opinion Is that we've never been closer to uh to To having this thing finally go and Obviously you know we're talking about X Hit and an all new alltime high well of Course with each second we're closer but I I mean it uh in in slightly different Terms in that that's I'm not thinking Just about the time yes more time passes So we must be closer if it's ever going To happen duh but look at how Everything's lining up in terms of What's happening with Bitcoin you you Know stock Market xrp legal Clarity you Name it it's looking Fant in fact I Would argue that the negative sentiment In the xrp community is it's it's a good Metric when that stuff happens it's when People seem uh you know when things seem You know most doubtful and uncertain or Scary historically that is the time when Things start to go so we'll see what Happens 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 enthus iast who enjoys Making YouTube videos about crypto Related topics but just as a hobby and Just for fun now at the time I'm Recording this xpiece 57 cents Bitcoin At 43,98221 Extremely impact impactful in terms of Crypto markets and what happens price Action wise uh but the analyst in Question here is crypto Insight UK and Again um I think that this overall is Pretty well spot on here so I wanted to Run through it with you and add some Commentary there's only one thing like I Said where I I respectfully disagree a Little bit but not entirely and I'll Explain what I mean but here's what Crypto Insight UK had to say xrp needs To hold a weekly close above 56 cents he Wrote 5636 cents specifically Um and by the way I'll just note here Like this roughly this level is what I Keep seeing a ton of different xrp Analysts site whether they agree it's 56 Cents or 54 cents or 55 cents maybe We're splitting hairs at that point I Keep seeing roughly this level sighted Which is why we had that liquidation Event um you know several days ago
Whenever it was and xrp it went down and That scared some of the crabby people You know U but it was it was good to see That it held that critical support level And so again I'm not pretending to be a Charkey I just know that there are There's no shortage of xrp analysts that Have cited that is really important and To this point it actually has held That's pretty cool so this is good news Anyway anyway he continues there's a lot Going on in the crypto space right now a Potential Bitcoin ETF this week has Everyone's focus on bitcoin the Consensus of crypto Twitter is that on The launch of a Bitcoin ETF the Attention will then move towards eth as Speculation of a spot eth ETF has been Floating around however I feel it could Be finally time for xrp to make its move Now this might happen with eth and alts For sure there are a few reasons I feel This firstly as we can see below xrp is Currently holding above arguably the Most pivotal level in regards to price 56 cents in the last seven years yeah so Folks I this is another thing that I saw Multiple analysts highlight th this Level whether you say it's 54 cents 55 Cents 56 cents not only is it holding as Critical support but for years it's Actually been resistance it's it's it's Flipped and is now support at least at The time that I'm recording this video
That's good this is a good sign despite People getting crabby and scared like Things don't go up in a straight line FR Anyway he continues xrp has reacted to This level multiple times both as Supports and resistance xrp is Displaying similar technical Characteristics to 2021 Market two tests Of the 56 Cent range as resistance a Breakthrough on the third test and then A consolidation in 2021 the next phase Was a breakout secondly we have Capitulation within the xrp community You hear that folks we have capitulation Within the xrp community people throwing Swword at each other emotions flying and People selling because they cannot take It anymore holding a s-word coin that Never moves this tells me on a sentiment Level we are close remember we bu fear Not greet and folks yes absolutely I've Been this will be my third euphoric Cycle assuming it happens which I mean I'm guessing it will right it'd be kind Of weird if it didn't uh but leading up To the last two it was the same thing With xrp HS never going to go never Going to go but then it goes that Happened last Market cycle it happened In 2017 I saw it I had front row seats For this and it was fun it was very fun So I'm expecting that that's going to Happen I mean we're seeing that Sentiment it's not just going to stay
Here forever though but my God if you Are on social media platform X which is Basically where the xrp community lives And well arguably we all you know all The crypto Bros are right even if They're not an xrp like you can see it You know the disdain like again I don't Even think it's most xrp holders I just Think that you know the ones that are Disturbed they're very noisy so it's Overwhelming when you go through uh you Know when you're on X it just seems like That's all that there is I don't think that's actually true Though uh anyway piece uh not the piece Not article but he the perspective Continues from crypto In.uk thirdly whether people like it or Not xrp is legally not a security in the USA a weight that has weighed on xrp for Nearly 3 years yes Ripple and the SEC Still have to go to court unless we see A settlement but the asset itself is a Non-security by law and That I have to say that is of critical Importance you saw that even though xrp Ran with the rest of the market it was Correlated ran up to two bucks in April 2021 it did not hit a new alltime high And it's the only top 10 coin that Didn't why might that be what was also The only top 10 coin that was being Assaulted by the SEC and that is over it Is now Unshackled and this thing is
Going to run this G to wrong he Got legs that's what I think anyway Anyway he continues now this narrative Will have flushed many holders out as People look to sell on the release of That news at a Break Even or a slight Loss around 90 cents as again they can't Take holding this asset finally and this Isn't a catalyst but the tight Consolidation structure is like a love This like a coiled spring ready to pop Off in fact on a technical level the Rising consolidation is a more bullish Structure than that of 2017 we all know what happened next I'm Not suggesting we see a 60,000 per move Like we have previously although history Suggests this is a technical possibility I am suggesting that a breakout with a Bitcoin ETF for xrp could be more Explosive than most imagine and that xrp Has one bull cycle to catch up to Potentially okay so this is where I have My small disagreement not entirely when He says uh a 60,000 per gain um from This level so I I actually just went to A percent calculator before recording This video and from the price level of 58 which is about where it is um 60,000 Increase is something like I think it Was $348.00 it's it's right around there So that would be monstrous so could xrp Even from this price level increase by 60,000 uh it might I'm not pretending
That it could now that would be insane I Just don't I just don't think that That's something that would happen Anytime soon not even close to anytime Soon so if if he's thinking perhaps that Could happen sooner than later then in That case I just say I respectfully dis Agree but the rest of the thinking I Think it's it makes tons of sense here Um and then he says could the attention Move to xrp I don't know what that Narrative could be but I do know it is Darkest before Dawn and it feels pretty Dark right now in the xrp community you Know what they say the longer the base The higher in space spot on crypto Insight UK and then he shared this xrp Price Chart so again like when it comes to Sentiment like it just is what it is and That's why the the only way to like Idiot proof this this whole experience Is to just buy stuff and then not do Anything that's what I believe anyway I'm not telling you what you do whatever You want if you think you can time the Market go ahead you think you can do That and get in out of positions and You're smart than everybody else the Data says you're going to fail you could Have a number of wins in a row even and Then you really get cocky you're so Confident see I can do this that Moon Lbo gu's an idiot but then eventually
You slip up and then you lose that's That's what data shows us should be Expected anyway if you're one of the Rare individuals who can actually Consistently pull pull this stuff off Okay but it's incredibly timec consuming And I think that you know a lot of the Traders that do this stuff they're not Even necessarily making lifechanging Wealth you can make life-changing wealth By literally just holding and doing Nothing that's appealing to me and then I feel like I'm just idiot proofing this Thing but but and what I mean by that is By taking all the risk out of it well Not literally all the risk but you know What I mean some of the biggest risk Like we are our own greatest threat to Achieving life-changing wealth in crypto So I'm taking me out of it I insist this Upon myself I buy stuff and then I do Nothing until I find it enticing to sell One day that's it period and so I I do Firmly still believe this is going to Come and so if you are one of these People that has this negative xrp Sentiment well you're not alone although I I personally think that you're in the Minority it's just that these it seems Like there's so many of them because Those are the people that are talking But uh even if you're one of these People I just I don't think you need to Feel that way I can't tell you what's
Right for you when it comes to investing I wouldn't ever assume to and I'm just a Dude on the internet uh but that's my Personal humble opion and I think that The best is yet ahead in 2024 is going To go absolutely ballistic including for Xrp Good Times ahead that's my Expectation 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
