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Hello this is Matt on the moon Lambo Channel let me share with you a few Observations and updates regarding the Crypto markets broadly speaking and Certainly xrp specific stuff in fact uh And I'll cover this towards the Beginning part of the video but the Number of new xrp accounts being created Over the last couple months has Increased Dramatically uh also want to note that Despite the fact that we've had a Precipitous drop on Sunday in crypto Markets led by Bitcoin despite this Being the case there's broad expectation That xrp is absolutely going to R Perhaps this year to to new 2023 highs There's an article on the screen Indicating as much that there is this This expectation I want to talk about That a little bit but then there's also This and it's like I see an article like This and I'm just sitting here think Like this is why we cannot have nice Things here's it's from the mly fool if You invested $11,000 in Ripple xrp three Years ago this is how much you'd have Now face pal audible side how is it that We have uh we have Ripple and xrp still Being Conflated in 2023 and by out that that Is supposedly reputable what is going on Here 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 enjoys making YouTube Videos about crypto related topics but Just as a hobby and just for fun as I Record this video xrp is 61 cents Bitcoin down to 41,000 196 bucks so a little bit worse than 24 Hours ago but not that much down by a Little over 1% on both fronts uh asset Class market cap at $1.56 trillion and the crypto fear and GRE index 65 out of 100 so it's taking a Little bit of a beating but people are Still feeling greedy you greedy sobs out There and actually to kind of paint the Picture of what's been happening with Xrp because look there's it's still the Case that people have been are getting Not everybody and I don't even think It's most people but there's it's no There's a lot of people there are a lot Of people that are a bit fatigued when It comes to xrp price action and it may Feel like that's a lot a lot more people Than it actually is but that's because The fatigued people I think that they Just they voice their perspective a lot More than the rest of us who aren't Feeling fatigued um that's my suspicion Anyway but look at what has been
Happening I mean it's kind of hard to See because this is over a somewhat Shorter time period but what you're Looking at at the chart in the middle of Your screen here is the number of new Xrp accounts activated since um and I Arbitrarily picked a time well somewhat Arbitrarily because we've been seeing There's a reason I picked it sort of but We've been seeing a big move up in Crypto broadly speaking for the last Couple months roughly so I picked a spot Right in the middle of October right About when that was starting to happen And I just wanted to note that because It's is totally a metric was worth Tracking the number of new xrp accounts Has been trending up and if you look Closely you can see that despite outlier Instances to the upside and um a little Bits not really tremendous out lowers to To the negative actually but it's about Doubled so for instance if you look at October 15th there were 1,135 new xrp accounts created now go to Yesterday December 12th the last full Day that we have 2,151 new accounts created and you can If like you got eyeballs you can see That the trend has been up for two Months right that's about double that's About double the number of accounts and There haven't been big moves to the Downside but there have been big moves
To the upside there's three that catch My attention look at November 6th 2593 accounts created November 22nd 3,277 accounts created and then there's This December 8th 3524 accounts look I'm just bringing This up because like there's no one Single uh metric to look at to to come To a conclusion of what's going to Happen with xrp but I'm just pointing This is incredibly healthy look at what Price action has been doing you know for Uh for for xrp here I'll pull up a 90-day chart because that's simple and Close enough here Uh so price action it's it's very clear That xrp is moving in tandem with the Rest of the market but there are other Indicators that are very positive and Heating up what do you think's going to Happen when we do see Bitcoin have Another leg up what do you think's Ultimately going to happen when we hit Market Euphoria there are what I'm Thinking it's pretty clear there are People now that are continuing to Position themselves and eventually when This thing goes it's really going to go Like that's very clear there's way more People jumping in xrp couldn't be more Obvious and so yes in the short term I See people are fatigued but I'm just Like I'm not I mean you do you girl but Like I'mma do me and I am not the least
Bit phased by any of this Frankly uh here's a post from credible Crypto and he put out this video and um I'm just going to share there just a Couple points I was going to make on This just to note this is the most Recent thing from this from yesterday And he's traveling right now but he Still firmly believes that we're not Likely to go below $40,000 for Bitcoin He doesn't think that's prob anyway not That it's impossible but he doesn't Think that's what's most probable by a Good bit and if you want the technical Analysis reasons go check out his video It's on social media platform X but um He noted that when this thing rips his Current anticipation is that we're not Going to be stopping at $50,000 he Thinks we're going to blaze through that Lever level rather uh up to about $60,000 for Bitcoin now what do you Think that's going to do for everything Else and so that's why like I look at People's some people that are concerned And it's not most people people are Still feeling greedy out there but there Are some people feeling like this and It's like my gosh this is just par for The this is what it is to be in crypto I've been watching this I've been in These moments before I've been in crypto Over six years now there's nothing weird About this there's xrp is doing the
Stuff we should hope and expect it to Do that it really is and I just I don't See any sort of logical reason to be Fearful at this moment I'm excited for This moment cuz finally it looks like We're going to be entering Euphoria at Some point in the not too distant future We are we've never been closer as xrp Holders and xrp has legal Clarity which It didn't two years ago you know back in 2021 when we had the all-time high for For Bitcoin yeah xrp correlated but it Didn't hit a new alltime high it was Shackled because of this stupid ass SEC Lawsuit now we don't have that so when It runs yes we're really going to see it And if this time it doesn't then I'd be Concerned i' I'd start to wonder and in The absence of new evidence I'd be Sitting there wonder what the hell's Wrong with xrp but we're not in that Moment everything that's happened at This point makes a ton of Sense uh then there was this post from The blockchain backer uh he's just given An update on the CPI Consumer Price Index he's he noted that numbers had Been Reed released uh today for November and um he wrote that month over Month uh previous 0% what was expected Was 0% and actual was. 1% increase and Then we're talking about the inflation Rate here so still not that far off from What off from what was
Expected um in the year of year it's Pretty much spoton he noted that what Was expected was 3.1% and the actual was 3.1% and so as a result the thing that's Most important as far as I'm concerned Is how is the Fed going to respond and The broad expectation at this point is That they're not going to be increasing I'm sorry rather uh decreasing interest Rates they're not going to engage in Quantitative easing quite yet and Historically when we do see a decrease In interest rates that has indicated bad Times ahead because and why because the Fed's being reaction when they're Starting to do that it's to Spur more Economic activity and it's in response To other metrics they're looking at Indicating hey the economy looks like Garbage so by the time they see it and They're doing stuff that's why it's not That the cuts themselves are the problem It's that they're reacting to other Metrics in other real world instances That are bad that's what it is and so There's broad expectation we're not Going to be seeing this for you know a Cut and and there's no guarantee but it Could be over half a year from now and I Sure as hell hope that's the case Because when that happens I'm going to Be looking more closely and I will be a Little bit alarmed there but we're not
Seeing that and and you know what the Stock market's broadly behaving right Now directionally it's doing it's doing What it should do the blockchain backer When and is been going in the great Depth on this stuff you should check out His channel if you're not I'm sure a lot Of you are there's a lot of crossover Between our audiences but like all signs Point to yes like this is good on a Scale of 1 to 10 I give this two thumbs Up that's what I'm saying man and there Was this also from chart analyst will Clemente the fact that over seven I I Should have said onchain analyst will Clemente he's not like a TA guy but he Says the fact that over 70% of Bitcoin Supply hasn't moved in at least a year Is wild as a standalone stat it's even More wild when considering the context That a year ago was right after FTX went Down and Bitcoin had has gone up nearly 3x C and I got to admit that's pretty Damn astonishing I mean look at where we Are that's why this is what happens Though you should expect this it's a Natural progression as Mark as you go From Market cycle to Market cycle you Hit a new Plateau each time so yes it's Incredibly volatile but there's higher Highs and then higher lows ultimately Even if you're talking over a very long Time over the span of a decade and That's why as I noted in a video the
Other day like we've never had an Instance where xrp is about to enter Enter with the rest of the crypto Market Into the Euphoria stage of things while It's at this price level it is at a new Plateau it clearly is very obviously you Know when the market was heating up Years ago xrp was at about 20 something Cents and then it started running that Was that was in 2020 it was at 20-some Cents now we're starting here I mean There's no signs it's going to go back Into 20 cents anytime soon unless the Whole world collapses you know so but so Instead of it starting at a weaker Position of you know 20 something cents It's over 60 cents right now and yes it It's way lower than it otherwise would Have been if the SEC hasn't shown it yes Absolutely we're going to agree on that All day but it's still higher and when This thing goes my God it's Directionally doing the right thing and That's why I'm saying like I it doesn't Make it doesn't make logical sense to Have this this fatigue over the price Action that's happening in the short Term I'm just observing that that is What's happening in our community I just Don't think it makes logical sense Everything looks fantastic if there were Things to be concerned about I'd just be Telling you in fact when the market does Get too hot which will evitably happen I
Will acknowledge that and when I sell I'll acknowledge that Too but man I just uh I have no fears Right now now on this from the mly fool I'm going to try and be a little bit Brief on this but look here's the Headline again if you invested $1,000 in Ripple Xrp three years ago this is how much You'd have Now yeah So look I I don't even feel like the Need to read the thing but I did kind of Want to rip on it to be because it's Stupid again this is a this is an outlet Very wellknown considered to be Reputable the mly fool like this is a Name that that people know mainstream Media here and they're they're talking About the cryp you know sometimes it's The case when the mainstream media Starts talking about crypto I'm like oh That's cute I can tell you don't know What the hell you're talking about Conflating Ripple and xrp I don't even Know if it's an accident in this case Though maybe they're just complete fools Get it but uh I hope it's not Intentional but you're talking about $11,000 getting put and they're talking About okay so 3 years later it's only up 18% about 180 bucks that's what that's What they're reporting here but again This this this article is just
Irrelevant it makes it doesn't matter I Mean you're arbitrarily picking a point In time I mean you could have picked if You picked um for instance October and Then you look three years over from October well in October I mean here I Can check it's go to an alltime chart October in 2020 what was the price of Xrp it's probably closer to 20-some Since before it started running Right yeah here you go yeah it's like it Jumped around a bit so it could be 21 25 20 cents yeah it's just it's all over The place so then you would have been up Hundreds of percentage points so it's Just like by moving the the goalpost by A couple months you can paint whatever Narrative you want you want to but it so That's one reason it's silly but the Second reason it's silly it's because The SEC sued Ripple was which was Tantamount to litigating against xrp Holders I mean it had the same net Result effectively right it harmed all Of us Might that be the reason why Yes do the mly fool Indeed who's writing these articles come On man this isn't I mean I guess if You're somebody that is uninformed and Not in the world of crypto you just read This and you're trying to learn you Might you might find it interesting but The thing is this isn't actually helping
Because there's no real good Insight Here there isn't Which anyway I just want to make fun of It because it makes me feel better That's pretty much this is stupid s t o O p i d stupid but like I said a few Minutes ago xrp it is Unshackled now When this thing goes it's really going To go Period And if it if it doesn't fine then We're going to have to regroup and talk About well it come to Jesus moment if Necessary but there are reasons that we Haven't seen it and and there's a reason That it didn't go this summer when it Had legal Clarity yes it jumped up price Almost doubled in a matter of hours but It didn't keep running because there's a Requirement for xrp to run historically Which is Bitcoin must be going into new Alltime highs so if you were expecting An exr new alltime high uh well again From perspective of historical precedent We shouldn't expect That and it didn't happen so that Shouldn't be alarming either but yes now If it doesn't go yeah fine if if it Doesn't go now I mean in the absence of New information and I don't know I can't Imagine what that would be yeah I I'd be Concerned but I think it's going like Why wouldn't it the whole Market moves In tandem that's why I keep saying like There's a reason to be excited not
Scared this is fun this is the best time To be in crypto I'm not a financial Advisor you should not buy 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
