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Hello this is Matt on the moon Lambo Channel time for a quick market update We'll be talking a little bit about Bitcoin as well as xrp including Perspective from an xrp chart analyst Who says that xrp is now breaking Multi-year resistance and as I've been Uh saying quite a bit in recent videos Over the last couple weeks in particular This is the moment in time where if xrp Is going to run it's going to run Doesn't mean literally today or tomorrow Or next week necessarily but in terms of Where we're at in the chart formations I Keep seeing from all sorts of analysts Every analyst Under the Sun this is it If it's going to happen it's going to Happen now roughly speaking of course It's an exciting time to be in crypto And bitcoin's looking pretty strong at Least at the moment so we'll talk about That first 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 uh at the time I'm Recording this it is let's see 3:16 a.m. Central Time Monday uh March 25th 2024 So early in the AM hours here where I
Live in the good old Midwest in the United States xrp is just a hair over 63 Cents Bitcoin 67,2 to Bucks market cap for the asset Class 2.57 trillion and the crypto fear And greed index 75 out of 100 so we're In greed we're not back to extreme greed Yet but yall out there there feeling Like some greedy sons of take a Look at this post from chart analyst Jelly uh this was shared in the Afternoon so about 14 hours ago on Sunday and he said the following and This is a weekly close this is this is Relevant here um sign of strength is What we ultimately got here but there Are all sorts of analysts kind of Looking at this some on pins pins and Needles it would seem and so jelly wrote The Following before we knew it would Happen he said so long as the weekly Looks like this and at the time it was You know Bitcoin over $65,000 I see no reason to be worried Expecting new highs soon send it to $100,000 happy to see the bullishness of Course because as soon as Bitcoin gets Moving to the upside you know what Follows it's the rest of the damn asset Class including xrp uh here is chart Analyst Matthew Highland at 7:02 p.m. Central Time 2 minutes after the weekly Close here which he had been watching Like a hawk on his uh page on X he said
Bitcoin bull successfully defend the Weekly close and he talked about this ad Nauseum another post recently about the Degree to which this is incredibly Bullish should this occur and we did Indeed get it um I mean you're talking About holding I mean at this level think About how much we've Bitcoin has been Running up this year it ran up like what Like $20,000 in the month of February if My if I memory is working properly like We've had some quick movements and so For all of that to happen and we still Don't have Mass numbers of people in Retail foaming into this I mean there There's been some I'm not saying there's None but to not have the blowoff top Mentality at these price levels my God Harbinger of good things I certainly Hope uh here's a post from chart analyst Credible crypto uh early on Sunday Morning he said so this is of course Before we had the weekly close here but He said if we do get the upside I'm Looking for in the coming days it Doesn't mean we are all clear the move Up thus far is not impulsive so we could See something like below which would be Ideal for now let's see if we can get to The range highs and take it from there And so for those of you not looking on The screen I'll describe what he's Showing uh in the chart he wrote below Which I just made blown up on the screen
Here but you're was talking about uh Bitcoin doing something like a move up To no maybe a little over $70,000 it Looks like potentially going back into The 50,000 maybe mid $50,000 dollar range uh so additional Consolidation moving a bit up and down For a while before finally blasting to The to the upside and so I think the Reason that he citing that as an ideal Scenario not that we'll necessarily get It he's in fact I'll I'll tell you this Um recently in a video he said he Doesn't think it's probable that we're Going to be getting to that level in the Low to mid 50,000 he he literally said That very recently in a video he's I Think he's just saying it this is my Suspicion because um you know that type Of retest holding that level uh that in Conjunction with a little bit further Consolidation my suspicion is that's why He's saying it would be Ideal um but either way he he said in a Separate post I just didn't pull it up Because it's not necessary for this Video um and for the sake of time I Didn't pull it up but he says even if You get some sort of pullback along Those lines it does nothing to change The higher time frame action that he's Expecting which is to say the the you Know what's going to unfold for the Duration of the cycle uh even if you do
Get that type of dip into the 50,000 low To mid 50,000 doesn't change thing from his Perspective in terms of whether or not We have Bitcoin above $100,000 xrp Hitting close to 20 bucks which is what He's calling for10 to $20 range for xrp Topping off somewhere around there and Just complete Nutter altcoin Mania uh Here's a post that was really cool this Is from uh attorney Bill Morgan and um He was at the wave of innovation xrp Gold Coast Conference in Australia and uh the blockchain backer Attended and gave a presentation and This is a picture of a slide from that Presentation that's what's on your Screen right now and here's what Attorney Morgan had to say about this Portion of the blockchain backers Presentation I was really struck by this Graph in the excellent keynote speech of The blockchain backer at the wave of Innovation xrp Gold Coast Conference Showing xrp down 50% over a several month period in 2017 While Bitcoin was Rising before xrp had A huge impulse to the up side and yeah It's neat to see it and see it depicted Like that this is I mean I've been Talking about this topic a lot lately And it's not just me all sorts of people In the xrp community have been taking Note of this that's why it's so
Interesting to see that you know kind of The people I I just assume that they're Not you know informing themselves what Going on but you can see some holders in The community panicking other coins are Taken off what's wrong with xrp this or That and are they just not aware of this Information I'm guessing they're not or If they are aware of the information They're just so bent you know Personality wise that their temperament Is just so extremely emotional they they Can't help it and and even if they have The knowledge it doesn't matter because Right now it's painful because price is Down maybe that's it some people are Wired like that but none of it matters In the end I don't think I mean you Could see even if you talk about xrp When it had its first major impulse in 2017 from half a penny to an April 2017 Getting up to around 42 cents or so I Mean it went down to you know 2 cents in Below I mean it was it my recollection Is that xrp for about half a year after That it went down and then it was moving Sideways so it was plus or minus 20 Cents for most of that time like right Around there and so over half below that And then if you look in terms of um what It was worth in Bitcoin my God utter Devastation but look what happens all Ultimately look at how it just Rockets Up you guys know the story that's the
Moment we're in right now that's why That's why this is so exciting and my Suspicion even though I wasn't at this Conference in Australia uh my suspicion Is that um you know the the point of Bringing this up is that this is Strikingly similar to where we are at Right now xrp not looking so hot against Bitcoin until recently actually I'm Going to show you that um um do I have That maybe I yeah actually yeah um yeah You know what I'll just pulled up now Take a look at this so we I'm circling Right now this is basically around March 11th this just a trading view this is an Xrp BTC chart and this is the point Where many analysts that I follow and I Talked about it at the time said hey um Just so you guys know xrp is broken out Of the out of a specific trend line and It was drawn slightly different Depending on which analyst you're Talking about but they all said this is Pretty much the moment if xrp is going To start to outperform bitcoin like Historically this is where it happened And at that point it did big move up but Then it started going back down and then People were bitching up a storm again But then it went up and then it went Back down a bit and then up and down but What you'll notice is that even though It went down multiple times dating back Roughly the last two weeks after it had
That first big burst the these are Higher lows at least and look there's no Guarantee but we're seeing higher lows On the xrp BTC chart it looks like we're Putting in the third one right Now what do you think happen so if the Analyst are correct and we don't get Some sort of weird Black Swan event no No sort of weird occurrence happens what Do you think happens well if history Repeats we get just keep seeing more of This until one day you wake up and it's Just like Moonshot that that is what has happened It happened last cycle and it happened The cycle before that it just went and That is what we're seeing so not only Did the analyst say hey uh this is the Moment like literally right here and a Bunch of them were screaming at saying The same thing it is it coincidence that A bunch of them were saying that at Basically the same point in time and Then that is what we've seen the last Couple weeks is Improvement on the xrp BTC Chart so again I acknowledge nothing's Guaranteed we're talking about in terms Of probabilities and you know the past Kind of rhyming with itself if not Outright repeating but it's looking Pretty damn good you got to me admit That right I would say So uh here's a post from chart analyst
Dark Defender xrp price chart and he Said despite the negativity xrp is Closing its thre monly candle in March By breaking the multi-year resistance There is one week left to close the last Candle and so you can see he circled Where we're at basically right now so Fine one more week but my God that would Be absolutely incredibly bullish if that Happens and so he sites his first Target Uh if this should occur anyway uh first Target for xrp $188 and then he has a target range Above that of $585 to uh looks like $18.22 those price levels although they Seem impossible before we start to see The impulses to the upside that's how People perceive them frequently they are Not impossible nobody knows for sure What's going to happen with xrp price Action but that is totally plausible That these are not crazy price targets If we're going to have a fullblown alt Season and way more money flows into the Space xrp is going to be a part of it It' be crazy to think that this is Impossible even though nobody knows for Sure what's going to happen it's totally Within the realm of possibilities that That could happen absolutely Here's a post from chart analyst Egra Crypto this is an xrp BTC chart and he Said xrp BTC official Bull Run
Announcement the official Bull Run Announcement is in progress xrp is Currently mirroring its 2017 cycle Entering the Final Phase before the Official Bull Run announcement Insight Xrp BTC could potentially dip as low as 00773 before the Bull Run begins and you Know what If if we do see a dip so be it but it is Fascinating that right at the moment People are saying hey guys they're like Wav their pay attention to us we're all Saying here we're a bunch of analyst We're all saying it it should be going Up from here based on historic precedent And the trend line that we're looking at And then it does for two weeks straight Well we'll see we'll see if it persists If we get a dip okay e either way Because and I'll just be clear here too If something happens that just makes the Entire Market tank then okay uh it's Probably going to be led by Bitcoin now The case of the xrp BTC pair even if you You have a Bitcoin leading the way down Like Market wide xrp can still pick up Steam even if it's losing value in terms Of losing value against the dollar it Just means that xrp would be losing less Value than Bitcoin for the for that Particular period in time which has Certainly happened in the past so Fingers crossed here but I we're that Much closer I'm hanging there with you
Folks I'm I'm I'm just as eager to see This see how this unfolds as you guys Are we're going to find out together When this happens and and just to what Degree it you know melts faces but I We've never been closer than we are Right now we are so close I'm not a Financial adviser you should not buy Your 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
